ACCOUNTING FOR BUSINESS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Apply the accounting theory of income measurement and accrual accounting to the real cases; Apply the accounting theory of assets to the real cases; Apply the accounting theory of liabilities to the real cases; Apply the accounting theory of equity to the real cases; Apply the accounting theory of cash flows to the real cases.

Topics:

1. Income Measurement and Accrual Accounting
2. Inventories and Cost of Goods Sold
3. Receivables and Investments
4. Operating Assets: Property, Plant, and Equipment, and Intangibles
5. Current Liabilities, Contingencies, and the Time Value of Money
6. Long-Term Liabilities
7. Stockholders’ Equity
8. The Statement of Cash Flows
9. Financial Statement Analysis