OMFE 500: Introduction Financial Accounting

2011-06-16 -

Instructor Added. 04/22/11 – Section Added.


76384 (for web registration)




Jennifer Elder



Summer 2011

Meeting Schedule:



Competency Area: Finance & Economics
Fulfills requirement for meeting proficiency in financial accounting.
Required of and restricted to Summer and Fall 2011 entering weekend and accelerated MBA students (except those taking OMFE 506, Intro to Financial Accounting Test).

This self paced, self instructed online course will prepare students for the Finance I and II courses. Financial accounting helps students to meet organizational goals by identifying, measuring, analyzing, interpreting, and communicating information. In this course, students will be introduced to the basic language and concepts of financial accounting including the basic principles of accounting, the accounting cycle, ruling organizations, account definitions and classifications, entity types, the four financial statements, and CSR reporting. Students will use Excel to create financial statements including the balance sheet, income statement, and statement of cash flows. The course is offered on Sakai. It is designed in a series of modules. At the end of each module is a quiz that students must pass prior to proceeding to the next module. At the end of the course is a final exam. Students must get 80% or better to pass the course. Multiple resources and links will be available online so students will be able to navigate the course independently.
Section A: The online course is available throughout the summer 2011 semester, ongoing from May 14 through August 26, 2011. The final day to register for Section A is August 13, 2011. Students must complete this course and pass the test with 80% or better by August 26, 2011.