FINANCIAL ACCOUNTING (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Measure the performance of a merchandising business and Estimate the cost of services or goods sold to customer; Prepare the financial statements through the accounting process; Use Cost-Volume-Profit (CVP) and incremental analysis in common business decisions; Create operational budget for a company.

Topics:

1. Accounting: Information for Decision Making;
2. Basic Financial Statement;
3. Accounting Cycle: Capturing Economic Events;
4. Accounting Cycle: Accrual and Deferrals;
5. Accounting Cycle: Reporting Financial Result;
6. Merchandising Activities; Inventories and the Cost of Goods Sold;
7. Financial Statement Analysis;
8. Job Order Cost System and Overhead Allocation;
9. Process Costing; Cost-Volume-Profit Analysis;
10. Incremental Analysis; Operational Budgeting.