Many different types of economic decisions require accounting data. General-purpose financial statements inform outsiders about an organization’s economic status and performance while special-purpose accounting reports assist management in planning and controlling an organization’s activities. This course acquaints students with the framework and process used to construct and understand the general-purpose financial statements, and highlights the linkage and use of special-purpose accounting reports for planning, control, and performance evaluation
Prerequisite: Registration or completion of I601, I602, I603, I604, and I605
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