Principles of Financial Accounting

Course Code
ACC 502
2.25 hours
  • Fall 21 (A)
  • Fall 22 (A)
FTMBA and no credit in ACC 501

Principles of Financial Accounting --- This course introduces the basic concepts and methods used in corporate financial statements for the information of investors and other interested external parties. Readings, problems and cases are used. Major topics included are: The Basic Accrual Model, Analysis of Transactions, Balance Sheet, Income Statement and Cash Flow Statement Construction and Analysis. The course also emphasizes analysis of cases and actual financial reports and concerns the applications of the basic concepts and methods of financial accounting to issues such as long-term assets, inventory, sales, receivables, debt securities, corporate ownership, international operations, and analysis of financial statements.

Taught By
Greg Miller
  • Ernst and Young Professor of Accounting
  • Chair of Accounting
  • Clyne Crawford Teaching Fellow
Gregory S. Miller is a Professor at the Ross School of Business, University of Michigan. His research focuses on financial communication; that is,...
Christopher Williams
  • Arthur Andersen Professor of Accounting
  • Faculty Director Accounting PhD Program
Chris Williams is a Professor of Accounting and the Michael and Joan Sakkinen Faculty Fellow at the Ross School of Business. His research focuses on...