AC 510 - Financial Accounting Standards & Analysis II

Interactivity: Discussion Board

Final Assessment: Final Case

Course Learning Objectives
Upon completion of this course, you should be able to do the following:

• Know about the challenges facing accounting and the need for accounting standards.
• Understand the objectives of financial statements, the primary financial statements and how they are used.
• Demonstrate a good understanding of the liability and stockholders’-equity section of the balance sheet.
• Be able to calculate earnings per share, both simple and complex, as well as dilutive.
• Understand more complex accounting topics, including accounting for income taxes, pensions, and leases.
• Understand the various types of accounting changes and identify the economic motives for changing accounting methods.
• Be able to interpret and analyze the meaning of information contained within the income statement, balance sheet, and statement of cash flows.
• Be able to prepare the statement of cash flows from financial information.