Course

Course Summary
Credit Type:
Course
ACE ID:
USDA-0553
Organization:
Graduate School
Location:
Classroom-based
Dates Offered:
Credit Recommendation & Competencies
Description

Objective:

To provide the student with a further kowledge of financial accounting including long-term liabilities, financial reporting of stockholders' equity, retained earnings, accounting for income taxes, and statement of cash flows.

Learning Outcomes:

  • Know how to journalize, cash, property, stock scrip, and liquidating dividends
  • Know the differences between pretax financial and taxable incomes
  • Understand the application of accounting principles for defined benefit pension plans
  • Apply the accounting and reporting of lessees and lessors
  • Prepare the disclosures required for the reporting of leases for lessees and lessors
  • Compute earnings per share for simple and complex capital structures
  • Know and calculate 'fully diluted earnings' per share
  • Understand the nature of long-term liabilities
  • Be able to apply FASB Statement No. 115
  • Be able to account for stock splits, stock dividends, and warrants
  • Define a corporation and its characteristics
  • Know how to account for the sale, purchase, and subscription of capital stock
  • Prepare the balance sheet presentation for contributed capital
  • Be able to prepare statements of retained earnings and stockholder equity
  • Distinguish between alternative revenue recognition methods
  • Apply loss carrybacks and loss carryforwards
  • Prepare the Statement of Cash Flows by direct and indirect methods
  • Know how to apply the accounting, reporting, and required disclosure reporting using numerous different methods
Instruction & Assessment
Supplemental Materials