Sep 18, 2020  
2019-2020 UMaine Undergraduate Catalog 
    
2019-2020 UMaine Undergraduate Catalog [ARCHIVED CATALOG]

BUA 201 - Principles of Financial Accounting


This is an introduction to the organization, presentation and use of financial accounting information.  Students will understand the elements of the accounting system - assets, liabilities, equity, revenues, expenses and dividends.  Emphasis is on acquiring familiarity with the double-entry system and gaining an understanding of the purposes and uses of the information found within the income statement, balance sheet, statement of stockholder’s equity and the statement of cash flows.

Prerequisites: Sophomore Standing or Accounting Majors

Course Typically Offered: Fall & Spring

Credits: 3