22:010:502Concepts and Practice of Financial Communication (2) An introduction to financial statement analysis which builds on the fundamentals of accounting, including understanding the accounting equation and its application in building the balance sheet, the income statement, and the statement of cash flows. Basic accounting concepts, accounting principles, and the audit report are presented. Students work in teams to analyze corporate financial statements. The relationship of economic value to accounting measurement is explored together with factors influencing management choices among competing valuation principles. Theory is applied to the valuation of the asset, liability, and owners` equity accounts. Emphasizes the heavy reliance on estimates in constructing financial statements and how management can use such estimates to strategically manage its reporting responsibilities. |
22:010:503Supporting Managerial Decisions (1) Key management decisions in such areas as capital spending, choosing among alternatives, measuring performance, and operational budgeting are based on accounting tools and accounting measurement techniques, which form the core content of this course. Cost finding and cost measurement techniques are evaluated in relation to accounting systems designed to measure data for use within the business entity. |
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