Study of accounting is continued through specific topics, including liabilities, stockholder’s equity, statement of cash flows, financial statement analysis, and global and management accounting. This class may include students from multiple sections. (Elective)
Course Outcomes
- Apply accounting principles to analyze transactions involving plant assets, liabilities, and owners’ equity.
- Prepare, analyze, and evaluate a classified income statement.
- Prepare, analyze, and evaluate the changes in the corporate retained earnings.
- Prepare, analyze, and evaluate a statement of cash flows.
- Analyze financial statements using horizontal analysis, vertical analysis, and financial ratios to evaluate organizational performance.
- Analyze publicly available annual reports, including disclosures in the notes to the financial statements.