Several topics in accounting

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Reference no: EM1364702

- The essentials of record-keeping.

- Preparation of simple financial statements.

- Balance sheet: Asset and Liability measurement and recognition.

- Income Statement: Revenue and expense recognition and measurement

- Account receivable; advances form customers; revenue recognition.

- Measuring and reporting working capital accounts: cash; prepayments; inventory; accounts payable; warranties; restructuring charges.

- Cost Behavior, decision making and simple budgeting: fixed and variable costs; relevant costs for decision making; cost-volume-profit analysis.

- Noncurrent assets: recognition and measurement of noncurrent assets; tangible and intangible assets; depreciation; impairment testing.

- Introduction to investments: introduction to investment in debt and equity securities; marketable securities and equity method investment.

- Statement of cash flows: preparing and understanding a statement of cash flows.

- Bonds: liabilities-bonds.

- Performance measurement: introduction to financial statement analysis; assessing firm level performance and an introduction to FSA.

Reference no: EM1364702

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