ACCT1216

This course covers the analysis, from the preparer and user perspective, of business transactions related to partnerships and corporations. Topics include but are not limited to cash and cash flows, internal control, organization, capital structure, stockholder's equity, earnings, dividends, fair value accounting and retained earnings statement. Also included is the related statistical financial analysis.Student Learning Outcomes

• Analyze financial accounting internal controls for strengths and weaknesses.
• Prepare bank reconciliations and record the adjustments in the financial records.
• Apply basic accounting concepts and principles in an ethical way to business transactions.
• Complete accounting transactions and calculations related to partnerships and limited liability companies.
• Prepare a properly classified statement of cash flows.
• Perform basic solvency and profitability analysis on corporate financial statements.
• Complete an accounting cycle for a business.
• Journalize financial transactions using special journals.
• Post journal entries from the general journal and special journals to the general ledger and subsidiary ledgers.
• Report equity changes in the capital structure of a company resulting from fair value accounting.