Financial Statements
Construct and interpret both a balance sheet and an income statement.
Statement of Cash Flows
Construct and interpret a statement of cash flows.
Applying Financial Accounting Rules
Apply the financial accounting rules that exist in the following areas.
a. Revenue recognition
b. Inventory
c. Compensation (including pensions and options)
d. Long-term assets (including impairment)
e. Bonds
f. Leases (including the financial ratio impact of operating leases)
g. Stockholders’ equity (including accumulated other comprehensive income)
h. Investment securities (including derivatives)
i. Fair value accounting
j. Foreign currency transactions and translation
Time Value of Money
Employ the time value of money in a financial accounting context.
Using Excel Spreadsheets
Construct and use simple Excel spreadsheets in a financial accounting setting.
Solving Problems in a Group Setting.
Discuss accounting issues and solve accounting problems in a time-constrained group setting.
Online Learning Resources
Be able to use online learning resources.
Ethical Problems
Intelligently discuss the ethical dimensions of a variety of accounting-related business problems.
Financial Accounting Internationalization
Track the ongoing internationalization of financial accounting.
Time Management
Independently manage time and workload for a variety of tasks.
