FINANCIAL ACCOUNTING (2 Credits)

Learning Outcomes:

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

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;
7. Inventories and the Cost of Goods Sold;
8. Financial Statement Analysis;
9. Job Order Cost System and Overhead Allocation;
10. Process Costing;
11. Cost-Volume-Profit Analysis;
12. Incremental Analysis.