In this course, students are introduced to the basic concepts and methods of corporate financial statements commonly used by investors and other interested external parties. Topics include University of Phoenix tools, basic accounting concepts, financial statements, inventory and fixed assets, present value of bonds and stockholders' equity, statement of cash flows, and error correction and accounting changes.
University of Phoenix Tools and Basic Concepts of Accounting
Use the tools available to University of Phoenix graduate students.
Identify the hierarchy of sources for generally accepted accounting principles.
Describe the qualities of accounting information.
Compare and contrast accrual and cash bases of accounting.
Differentiate among various business structures.
Interpret financial statements.
Calculate the components of financial statements.
Inventory and Fixed Assets
Apply inventory costing principles for given financial data.
Apply fixed asset valuation principles for given financial data.
Present Value of Bonds and Stockholdersâ Equity
Determine the effect of the time value of money on bond valuation.
Determine the components of a statement of stockholder equity.
Statement of Cash Flows
Prepare a statement of cash flows.
Error Correction and Accounting Changes
Describe the effects of accounting errors on financial statements.
Describe the effects of accounting changes on financial statements.
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