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Indiana University Bloomington

Department of Accounting

Kelley’s undergraduate program

Kelley's undergraduate program in accounting was ranked  #11 in the nation (#6 among public universities) in U.S. News & World Report's 2013 rankings.

Undergraduate Program

  1. A201
    Introduction to Financial Accounting
    • 16-weeks
    • 3 credits
    • Prerequisite: A100 16 weeks

    A201 Introduction to Financial Accounting (3 cr.) P: A100. A201 is an I-Core prerequisite and required of all business majors. Provides balanced coverage of the mechanics, measurement theory, and economic context of financial accounting. Strikes a balance between a preparer's and a user's orientation, emphasizing that students must understand both how transactions lead to financial statements (preparer's orientation) and how one can infer transactions given a set of financial statements (user's orientation). Relies on current, real-world examples taken from the popular business press. First part of the course introduces students to the financial accounting environment, financial statements, the accounting cycle, and the theoretical framework of accounting measurement. Second part of the course covers the elements of financial statements, emphasizing mechanics, measurement theory, and the economic environment. Students cannot receive credit for both A201 and (A205 or A200).