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Penn State
Lewis Katz Building, University Park, PA
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Law & Accounting

Course Abbreviation: 
Credit Only: N Anon Gr: Y

Financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: 1) provide you with a basic understanding of the concepts and principles underlying financial accounting practices; 2) make you comfortable with financial data pulled from regulatory filings; 3) enable you to have a conversation with your company’s accountants; 4) make you aware of the care that must be taken when using financial accounting data as an information source; 5) provide you with the technical tools and references to analyze how a particular transaction affects a firm’s financial statements. In addition, we will cover some basic finance and asset valuation tools.