Construct and interpret both a balance sheet and income statement that include elements more advanced than the basic items typically introduced in the first accounting course.
Construct and interpret a statement of cash flows.
Apply the financial accounting rules that exist in the following areas:
a. Revenue recognition
c. Long-term assets
f. Stockholders' equity
g. Investment securities
Employ the time value of money in a financial accounting context.
Apply managerial accounting concepts in the following areas:
a. Use the concepts of financial leverage and operating leverage to assess a company's riskiness.
b. Perform cost-volume-profit analysis using regresssion to identify the fixed and variable components of a mixed cost and in multiple-product settings.
c. Track product costs through a manufacturing process.
d. identify problems through the use of cost variance analysis.
Independently manage time and workload for a variety of tasks.