ACCT 1911: The Language of Business

3 CreditsFreshman Seminar

Have you ever wondered why Tesla’s stock price tripled in a 3-month time period? Why did Toys R Us go bankrupt? Why does Apple hold on to $200 billion of cash? Why is Snapchat still not profitable yet? All of these questions can be answered by looking at a company’s financial statements! Financial accounting is often called the language of business as it is the language that companies use to communicate their financial information to various parties. Regardless of whether you want to work in the field of accounting and finance, become a manager at a company, or just dabble in stock market investing, understanding how a business works, how managers make decisions, and how to analyze financial statements will be hugely beneficial for your future. This seminar will start by exposing you to basic business terminology and concepts, as well as analyzing how businesses make decisions. Next, we will focus on the ABCs of financial statements and financial analysis. Finally, we will apply these principles to real-life case studies and discussions that explore various companies such as Spotify, Tesla, Uber, Netflix, Starbucks, Apple, Snapchat, and more!

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