70-122 Introduction to Accounting

9 units, Carnegie Mellon University

This course provides the knowledge and skills necessary for the student to understand financial statements and financial records and to make use of the information for management and investment decisions. Topics include: an overview of financial statements and business decisions; the balance sheet, the income statement, and the cash flow statement; sales revenue, receivables, and cash; cost of goods sold and inventory; long-lived assets and depreciation, and amortization; current and long-term liabilities; owners' equity; investments in other corporations; an introduction to financial statement analysis and international issues dealing with financial statements.

Prerequisites: none listed

Offered: Spring 2027, Fall 2026, Summer 2026, Spring 2026, Fall 2025

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