An introduction to financial accounting concepts and techniques, with emphasis on the accounting model, financial statements, and financial information systems. No previous knowledge of accounting is assumed. An introduction to cost accounting and managerial accounting concepts and techniques, with emphasis on development, analysis, and uses of accounting information, including financial statement analysis and cash flow reporting. An in-depth study of financial accounting principles, standards, and techniques. Covers financial statements, cash, receivables, inventory, plant assets, intangible assets, and investments.
Special attention is paid to underlying accounting theory.
A continuation of the study of financial accounting, emphasizing coverage of specific accounting issues, including leases, pensions, corporate owners' equity, the statement of cash flows, accounting for income taxes, and earnings per share. Study of accounting techniques and requirements peculiar to governmental and non-profit concerns. Study of auditing concepts, standards, objectives, and procedures. Includes internal control evaluation, audit reports, evidence, statistical sampling, professional responsibilities, and generally accepted auditing standards. Study of the accounting for partnerships, branches, business combinations, and consolidated financial statements.