Financial Accounting

MBA – II
DBA – 422

1. The Nature and Function of Accounting.

- The Record –keeping Function
- Classifying and Summarizing Transactions
- Accounting and Decision Making

2. Accounting and the forms of Business Enterprises

- Sole Proprietorships
- Partnerships
-  Corporation

3. Financial Statements- The outputs of the system.

- learning Objective
- Objectives of Financial Reporting
- Qualitative Characteristics of Financial Information
- The Uses and Limitations of Classified Balance Sheets
- The Retained Earnings Statement or Statements of Changes in Stockholders Equity
- The Statement of Changes in Financial Position
-  Other Elements of an Annual Report of a publicly held Company

4. Cash Flow Statements

5. Interpreting financial statements data

- Learning Objectives
-  The Purpose financial statement analysis
- Sources of financial analysis
- The techniques of financial analysis
- Common financial ratio
- Limitation of financial statement analysis

6. Accounting for cash and receivables

- Learning Objectives
- Management Control over Cash
-  Accounting for Receivables

7.  Current liabilities and concepts related to the time value of money

- Learning Objectives
- Definition and Recognition of Liabilities
- Types of Current Liabilities
-  Interest and the time value of money

8. Property, Plant and Equipment Natural Resources and Intangible assets.

- Learning objectives
- Non-current , Non-monetary Assets
- Capital versus Revenue Expenditure Measuring and recording the Acquisition Cost of property, plant and Equipment.
- The accounting concepts of depreciation
- Methods of computing periodic depreciation
- Accounting for subsequent expenditures
- Disposal of property, plan, or Equipment
- Natural Resources
- Intangible Assets

9. Accounting for long term liabilities and investments in bonds.

-  Learning Objectives
- Bonds
- Accounting for bonds by borrowers
- Accounting for bonds by the investor
- Other forms of long term debt

10. Corporate organization and capital stock transactions.

- Learning Objectives
- Characteristics of a corporation- The formation and organization of a corporation
-  Types of capital stock
- The components of stockholders’ equity
- Accounting for the issuance of stock
- Use of stock information

11.   Stockholders equity retained earnings and dividends

- Learning Objectives
- Corporate income statements
- Earning per share
- Dividends
- Stock splits prior period adjustments, appropriations, and treasury stock
- Retire of capital stock
- Statement of stockholder’s equity
- Summary of learning Objectives

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