bus503 | Graduate

Accounting And Financial Decision Making

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This course provides students with the basic theories, concepts, terminology, and uses of economics, accounting, and business finance. Students learn practical applications for economics, accounting, and business finance in their professional lives through the integration of fundamental concepts and the analysis of actual business events.

This graduate-level course is 6 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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    Liabilities and Equity

    • Record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.
    • Differentiate among accounts payable, notes payable, and accrued expenses.

    Completing the Accounting Cycle and Regulatory Environment

    • Prepare closing entries, reversing entries, and a post-closing trial balance.
    • Prepare a classified income statement, retained earnings statement, and balance sheet.
    • Evaluate the need for financial statement oversight.
    • Describe the impact of international financial reporting standards (IFRS) on U.S. financial reporting.

    Cash Flow Statement and Financial Analysis

    • Prepare a statement of cash flows using the indirect method.
    • Prepare a bank reconciliation.
    • Apply ratio, vertical, and horizontal analyses to financial statements.

    Fundamentals of Economics

    • Define economic principles.
    • Differentiate between microeconomics and macroeconomics.
    • Analyze the impact of changes in supply and demand on the equilibrium price and quantity in a market.
    • Investigate the role of government in economic markets.

    Principles of Accounting

    • Explain the elements of the accounting equation.
    • Differentiate between accrual basis and cash basis accounting.
    • Identify the four basic financial statements.
    • Record transactions from journals to ledgers.
    • Prepare an adjusted trial balance.

    Principle Assets and Inventories

    • Prepare journal entries to account for transactions related to accounts receivable and bad debt using the income statement and the balance sheet methods.
    • Identify the journal entries associated with acquisition, disposal, and sales of plant assets.
    • Distinguish between operational and capital expenditures, and the entries associated with each.
    • Describe LIFO (Last-In, First-Out), FIFO (First-In, First-Out), LCM (Lower Cost of Market), and average cost methods.
    • Analyze the impact of inventory methods on net income or loss.
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