Learn how to accurately and honestly measure liabilities, including income tax, pension, and lease obligations; shareholders鈥 equity; and complex instruments that contain elements of debt and equity. Calculate and interpret earnings per share. Prepare and analyze the statement of cash flows. Implement other financial reporting requirements and use the information they provide.
Prerequisites:
BUS‑127 Introduction to Financial Accounting
Introduction to Financial Accounting
BUS‑127
Begin to speak accounting, the 鈥渓anguage of business鈥. Learn how transactions and events related to cash, receivables, long-lived assets, liabilities, and equity are captured in financial terms and are compiled into financial statements. Read and interpret financial statements, and compare performance from one year to the next or one business to the next.