Financial Accounting I

Learning Outcomes:

• Apply accounting principles and concepts in the process of preparing financial statements
• Applying the concept of calculating the time value of money and the principles of recognizing and disclosing cash and receivables
• Apply the concept of calculating and disclosing inventory, fixed assets and intangible assets
• Applying techniques for measuring and presenting current liabilities

Topics:

1. The Accounting Information System
2. Income Statement and Related Information
3. Statement of Financial Position
4. Accounting and The Time Value of Money
5. Cash and Receivables
6. Inventories: A cost-Basis Approach and Additional Valuation Issues
7. Acquisition and Disposition of Property, Plant, and Equipment
8. Depreciation, Impairments, and Depletion
9. Intangible Assets
10. Current Liabilities, Provisions, and Contingencies