This course introduces important concepts and principles about financial accounting and financial statements. Topics discussed include: Journal entries, adjusting entries, merchandising, time value of money, inventory, receivables, long-lived assets, liabilities, shareholder equity and financial statements.
Managers require relevant information for planning, controlling and decision-making purposes. This course examines the accounting techniques available to satisfy those needs. Topics discussed include: cost terms, cost behavior, cost-volume-profit relationships, job order costing, process costing, activity based costs (ABC), variable costing, budgeting, standard costs and overhead analysis, relevant costing for decision making, and capital budgeting decision.
This course develops thorough knowledge and understanding of generally accepted accounting principles and financial statement analytical skills by examining various technical areas of financial accounting. Topics covered include: reporting financial performance and financial position, cash flow, revenue recognition, inventory, cash and receivables, investment, property, plant, and equipment (PP&E), amortization, impairment, disposal, goodwill, and other intangible assets.