This course provides an introduction to financial and managerial accounting, with emphasis on the content, interpretation, and uses of accounting reports. It discusses the determination and reporting of net income and financial position, and the theories underlying business financial statements; and consideration of managerial accounting topics designed to extend the student's knowledge to the planning and controlling of the operations of the firm.

Upon successful completion of this course, each student will be able to:

• Demonstrate an understanding of the role of accounting and its importance in making effective and informed business decisions
• Demonstrate an understanding of the three main financial statements
• Demonstrate an understanding of the basics of accrual accounting
• Apply forecasted financial statements to a business plan in order to help secure funding for a business venture

View syllabus.

This course is independent study and is self-paced. Students have five months upon registration in which to complete all coursework and exams.

Textbooks and Materials

All materials for this course (readings, cases, practice problems and quizzes, etc.) have been embedded electronically within the UT Canvas learning management system. Before you can access the materials, you must pay for your materials via a portal within the course (cost is approximately $100). No additional bookstore fees are required.

Technical Requirements

Students are required to use a laptop or desktop computer with a high-speed internet connection. Tablets and smartphones are not supported. The computer should have a modern and updated operating system, at least 2GB of RAM, a webcam, a microphone and also meet Honorlock's system requirements for online testing.