This course covers the reporting of transactions for plant assets, liabilities, accounting for corporations, investments, statements of cash flows, time value of money, payroll accounting, and other significant liabilities.
Statement of Cash Flows and Cash Versus Accrual Basis
Prepare a statement of cash flows using both the indirect and direct methods.
Equity and Investments
Record treasury stock transactions.
Examine stock dividends and stock split transactions.
Prepare journal entries associated with the issuance of preferred and common stocks and the declaration and payment of dividends.
Explain the characteristics of a corporation and the different types of stocks issued by corporations.
Prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.
Prepare necessary journal entries for payroll transactions.
Identify an account for accounts payable, notes payable, and accrued expenses.
Calculate depreciation and amortization expense using various methods.
Identify the entries associated with the acquisition, disposal, and sales of plant assets.
Prepare journal entries to account for transactions related to accounts receivables and bad debt using both the percentage of sales and the percentage of receivables methods.
Explain the treatment of inventory errors.
Describe the impact of different inventory valuation methods on ending inventory and cost of goods sold.
Record the transactions that involve the purchases, sale of merchandise, and cost of goods sold.
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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.