Principles of Financial Accounting

Course Code
ACC 502
Hours
2.25 hours
Type
Core
Offered
  • Fall 18 (A)
  • Fall 19 (A)
Prerequisites
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,...
Anna Costello
  • Paton and Drebin Faculty Fellow
  • Assistant Professor of Accounting
Anna Costello is an Assistant Professor of Accounting. Before joining Ross, she previously served as an Assistant Professor of Accounting at the MIT...