This course continues the exploration of financial accounting with a focus on complex transactions and financial reporting issues. Topics include long-term liabilities, stockholders’ equity, earnings per share, income taxes, pensions, and leases. The course emphasizes the application of accounting standards, critical thinking, and ethical decision-making, preparing students for the CPA Exam and careers in accounting and finance.This class may include students from multiple sections.
Must be seeking a Bachelor of Applied Science in Management degree to enroll. If interested, visit pencol.edu/bas.
Prerequisites
Accounting Management BAS Programs Admittance; Completion of AM-BAS 455
Course Outcomes
- Apply accounting principles to liabilities, equity, and complex financial instruments.
- Analyze the accounting and reporting for leases, pensions, and income taxes.
- Evaluate the impact of complex transactions on financial statements and disclosures.
- Interpret earnings per share and share-based compensation.
- Assess the ethical and professional implications of financial reporting decisions.
- Integrate accounting standards to solve multi-faceted financial reporting problems.