Syllabus Information |
Winter 2023
Dec 21,2024 |
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| BA 211 - Financial Accounting |
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Associated Term:
Winter 2023
Learning Objectives: Upon successful completion of this course, the student will be able to: 1. Describe who uses accounting information and why 2. Describe how financial reporting standards evolved 3. Describe the kinds of information reported on corporate financial statements and annual reports 4. Analyze business transactions and prepare journal entries 5. Prepare and interpret an income statement and a balance sheet for a service business 6. Describe qualities and principles of accounting information 7. Describe why adjustments are necessary to financial statements 8. Prepare and interpret an income statement for a merchandising business 9. Compute the cost of inventory with the FIFO, LIFO, and average cost methods 10. Prepare and interpret a balance sheet for a merchandising business 11. Compute the estimated bad debt loss on accounts receivable 12. Compute depreciation using the straight-line, units-of-production, and declining-balance methods 13. Describe the accounting treatment for contingent liabilities 14. Compute the present value of bonds payable 15. Prepare and interpret financial statement presentations of stockholder’s equity 16. Prepare and interpret a statement of cash flows using the indirect methods 17. Conduct financial analysis on an annual report Required Materials: Technical Requirements: |
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