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Financial Accounting

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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.

This graduate-level course is 6 This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 6

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    Long Term Assets

    • Analyze criteria for fixed asset capitalization.
    • Determine the carrying basis of fixed assets.
    • Employ depreciation using alternative depreciation methods.
    • Describe accounting for intangible assets.
    • Explain analysis and reporting of investments.

    Liabilities and Stockholderâ s Equity

    • Describe current and contingent liabilities.
    • Analyze accounting for bonds payable and interest expense.
    • Explain financing with debt versus equity.
    • Differentiate between operating and capital leases.
    • Discuss reporting for stockholder’s equity.

    Income Statement and Statement of Cash Flows

    • Evaluate quality of earnings.
    • Describe other items on the income statement and disclosures.
    • Identify the purposes of the statement of cash flows.
    • Review statement of cash flows.

    Financial Statement Analysis and GAAP versus IFRS

    • Explain horizontal and vertical analysis.
    • Identify common size financial statements.
    • Identify ratios used to make business decisions.
    • Evaluate differences between U.S. GAAP and IFRS.

    The Accounting Environment

    • Recognize accounting language and concepts.
    • Evaluate ethical behavior as it relates to accounting.
    • Explain accounting transactions and accounts.
    • Explain how accrual accounting differs from cash-basis accounting.
    • Evaluate the guidelines for revenue and expense recognition.

    Internal Controls and Current Assets

    • Explain Internal Control Objectives.
    • Analyze the components of cash and cash equivalents.
    • Discuss net realizable receivables.
    • Describe inventory valuation and cost flow assumptions.
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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.