Learning Outcome
Construct and interpret both a balance sheet and income statement that include elements more advanced than the basic items introduced in Acc 200.
Learning Outcome
Construct and interpret a statement of cash flows.
Learning Outcome
Apply the financial accounting rules that exist in the following areas:
a. Revenue recognition (including SAB 101)
b. Inventory
c. Long-term assets (including impairment)
d. Bonds
e. Leases (including the financial ratio impact of operating leases)
f. Stockholders' equity (including accumulated other comprehensive income)
g. Investment securities (including use of the market adjustment account)
Learning Outcome
Employ the time value of money in a financial accounting context.
Learning Outcome
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 (including use of process costing).
d. identify problems through the use of cost variance analysis.
Learning Outcomes
Construct and use simple Excel spreadsheets in a variety of business settings.
Learning Outcome
Independently manage time and workload for a variety of tasks.
