Make informed decisions and assessments regarding financial statements and the overall financial health of an organization

Measure and report issues related to inventories long-lived assets and PP&E

Identify and account for debt and equity investments

Determine the appropriate classification measure and disclosure of major asset categories

Describe the accounting process related to accounting for liabilities (from origination of transactions to disclosure in the financial statements)

Describe liabilities and contingencies and demonstrate the appropriate accounting treatment, including required disclosures

Demonstrate the accounting for bonds (including par, discount, and premium bonds)

Explain and demonstrate the accounting for pension plans

Explain and demonstrate the financial accounting for income taxes

Describe the components of shareholders’ equity and explain how they are reported in a statement of shareholders’ equity

Explain and implement the accounting for stock options and restricted stock

Explain the purpose of analyzing earnings per share and calculate basic and diluted earnings per share

Account for relevant assets, liabilities, and shareholder's equity.

Prepare balance sheets and income statements.

Identify and interpret the articulation among different financial statements.

Solve relevant accounting problems.