ACCO 230: Introduction to Financial Accounting provides a foundational understanding of accounting principles crucial for analyzing, measuring, and reporting business transactions. The course covers essential topics like double-entry accounting, the accounting cycle, revenue recognition, and the preparation of financial statements such as the statement of cash flows. Students will gain insights into managing cash, accounts receivable, inventory, long-term assets, liabilities, and shareholders' equity. By focusing on how transactions impact financial statements, the course helps students appreciate the uses and limitations of accounting information for making informed investment and credit decisions.

As an introductory course, ACCO 230 aims to develop students' abilities to interpret and evaluate accounting information, especially as presented in corporate annual reports. The course emphasizes a user-oriented approach, teaching students to apply accounting concepts in varied contexts and assess the financial effects of different accounting methods. By the end, students will have a well-rounded understanding of the accounting information needed for effective decision-making, building a strong foundation in financial accounting concepts.