Liability recognition and corporation equity measurement. A study of the underlying concepts and ethical, regulatory and business environment of financial reporting with emphasis on measurement, analysis and interpretation of income, cash flows, and financial position. The specific chapters to be covered and homework assignment problems are attached. Exact dates of the examinations will be announced at least one weeks prior to the exam.
Explanatory lectures prepare students to complete assignments which are reviewed in class.
This course involves a substantial study commitment from students. Text reading assignments are to be completed prior to the class in which the material is introduced. Participation in class discussion and problem-solving exercises is expected. Being successful at accounting requires lots of practice, so spending time on the assigned homework exercise is essential to understand the material. Homework problems have been chosen to reinforce the learning objectives presented in each chapter.