BUS 251: Financial Accounting I at Simon Fraser University introduces students to financial accounting principles, terminology, and the analysis of business entities through financial statements. The course covers the time value of money, provides a critical review of conventional accounting systems, and requires 12 units as a prerequisite.

Learning Outcomes:

• Understand how transactions impact financial statements.

• Apply double-entry accounting principles effectively.

• Describe the accounting cycle and its sequential steps.

• Recognize revenue according to generally accepted accounting principles (GAAP).

• Interpret the statement of income to assess financial performance.

• Analyze the statement of cash flows for liquidity and cash management.

• Manage cash and accounts receivable effectively in financial operations.

• Evaluate inventory management strategies and cost flow assumptions.

• Assess long-term assets in terms of acquisition, depreciation, and impairment.

• Analyze liabilities and their impact on financial health.

• Interpret shareholders' equity and its components.

• Conduct financial statement analysis to evaluate company performance and make informed decisions.

COURSE CODE

COURSE NAME

BUS 232

Data and Decisions I

BUS 233

Introduction to Business Law and Ethics

BUS 251 

Financial Accounting I

BUS 272 

Behaviour in Organizations 

BUS 312

Introduction to Finance

BUS 315

Investments

BUS 316 

Derivative Securities

BUS 320 

Financial Accounting: Assets

BUS 321 

Financial Accounting: Equity

BUS 322 

Intermediate Managerial Accounting

BUS 341 

Fundamentals of Marketing

BUS 410 

Financial Institutions

BUS 413 

Corporate Finance

ECON 103 

Principles of Microeconomics

ECON 105 

Principles of Macroeconomics

ECON 201 

Microeconomic Theory I: Competitive Behavior

ECON 233 

Introduction to Economic Data and Statistics

ECON 333 

Statistical Analysis of Economic Data

STAT 270 

Introduction to Probability and Statistics

STAT 485 

Applied Time Series Analysis