Issues of current interest, such as fraudulent financial reporting, revenue recognition and accounting for employee stock options will also be discussed. Understanding of financial statement analysis will be developed through cases, problems, and articles from the current press. Managerial Accounting Introduction to accounting for managers within a business organization. An in-depth study of the concepts underlying external financial reporting along with expanded coverage of the basic financial statements. Detailed analysis of the measurement and reporting of current assets, operational assets, and investments, to include the treatment of related revenues and expenses.
Significant attention is given to income statement presentation and revenue recognition.
Intermediate Financial Accounting II Intensive analysis of generally accepted accounting principles as applied to accounting for liabilities, stockholders' equity, and the statement of cash flows. I This course discusses partnership accounting from organization to liquidation. The focus is then on accounting for business combinations and the consolidation of parent and subsidiary companies' financial statements under both the purchase and the pooling of interests methods of business combinations. The course will cover a broad spectrum of financial reporting issues in the context of intercompany investments. Focus on the concepts, applications, and design of accounting information systems that provide management with useful and relevant information.