Lecture 1. Introduction to Business Activities and Overview of Financial Statements
* WSF, Ch. 1
* A&B, Part 1.
The Introduction to Financial Accounting course is designed to provide students with fundamental knowledge as a background for the successive courses such as Financial Analysis, Development Finance and Appraisal of Public Investment.
The objective of this course is to introduce to students key concepts of financial accounting and familiarize them with principles and concepts of accounting and financial statements including balance sheet, income statement and statement of cash flow. After the course, students are expected to understand the general process of the development, substance, structure and relationship of financial statements; getting to know how to use this information to calculate financial ratios and indicators for evaluating the financial status and business performance from the perspective of an investor on planning and making investment decisions. This course does not aim at training professional accountants.