Accounting
Approved course information last updated: 2 months, 3 weeks ago
Pre-requisites: ACC 201
Requisite To: ACC 308 ACC 321 ACC 440 ACC 444
Lab Session:
A continuation of the comprehensive and in-depth study of financial reporting theory and practices with focus upon accounting for acquisition and disposition of property, plant and equipment, depreciation, impairments, depletion, intangible assets. Current and long-term liabilities, stockholder’s equity, and dilutive securities and earnings per share. pronouncements of financial reporting standards by international accounting standards committee and their application in the local environment are emphasized
- Lo1: to review the several disclosures that must accompany corporate financial statements in order to make them not misleading.
- Lo2: to explain the basic principles regarding accounting and disposition of property plant, and equipment, its depreciation, impairments, and depletion.
- Lo3: to explain the basic principles regarding the valuation of intangible assets, its amortization, impairment and its presentation.
- Lo4: to explain the basic principles regarding accounting and reporting for current and contingent liabilities.
- Lo5: to describe the accounting procedures for the valuation, issuance, and extinguishment of long-term debt and the amortization of its related premium and discount.
- Lo6: to explain the various accounting issues related to the various types of stock that corporations issue.
- Lo7: to discuss the different types of dividends and other transactions that affect retained earnings.
- Lo8: to explain accounting for dilutive securities and show how these securities are used in earnings per share computations.