FINANCIAL ACCOUNTING AND REPORTING I

Catalog description

The content of the course will cover the basic theory of accounting and practice, as well as the discussion of standard procedures established in the accounting profession. Study of the bodies that produce the generally accepted principles of accounting, the regulations of the Securities and Exchange Commission, the Company Accounting Oversight Board (PCAOB) and other governmental entities that establish procedures and reports. The course will emphasize the understanding and preparation of financial statements. In addition, it will include a detailed analysis of assets, liabilities, income, expense and capital accounts; as well as: cash and cash equivalents, accounts receivable, inventory, plant and equipment property, investment, intangible assets, goodwill, current liabilities, long -term debt, capital accounts, income and expense recognition, compensation and benefits and accounting for income taxes.