BAOL 500 provides students with an introduction to the fundamental concepts of financial accounting. In this survey course, students will be introduced to basic accounting terminology and concepts. Students will prepare financial statements that companies use to describe the financial aspects of their business and use accounting information for business decision making. This course serves as a prerequisite for the MBA Managerial Accounting course. It is designed for students who entered the program without the foundational accounting courses (Principles of Accounting I & II).