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8. |
LECTURE OUTLINE |
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I. |
Introduction |
1 hour |
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II. |
Chapter 1: Environment and Theoretical Structure of Financial Accounting |
3 hours |
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A. |
The Environment of Financial Accounting |
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B. |
The Conceptual Framework |
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C. |
Elements of the Financial Statement |
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D. |
Ethics in Accounting |
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III. |
Chapter 2: Review of the Accounting Process |
5 hours |
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A. |
The Basic Model |
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B. |
The Accounting Processing Cycle |
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C. |
Adjusting Journal Entries |
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D. |
Preparing the Financial Statements |
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E. |
The Closing Process |
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IV. |
Chapter 3: The Balance Sheet and Financial Disclosures |
5 hours |
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A. |
The Balance Sheet |
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B. |
Financial Disclosures (notes to the statements) |
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C. |
Management Discussion and Analysis |
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D. |
Manager's Responsibilities |
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E. |
Auditor's Report |
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F. |
Risk Analysis |
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Test on Chapters 1-3 |
1 hour |
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V. |
Chapter 4: The Income Statement and Statement of Cash Flows |
5 hours |
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A. |
Comprehensive Income |
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B. |
Income from Continuing Operations |
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C. |
Earnings Quality |
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D. |
Separately Reported Items |
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E. |
Statement of Cash Flows |
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F. |
Operating, Investing, and Financing Activities |
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VI. |
Chapter 5: Income Measurement and Profitability Analysis |
5 hours |
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A. |
Revenue Recognition |
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B. |
Installment Sales |
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C. |
Long-term Contracts |
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D. |
Completed Contract Method |
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E. |
Percentage of Completion Method |
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F. |
Software Revenue Recognition |
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G. |
Franchise Sales |
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H. |
Activity Ratios |
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I. |
Profitability Ratios |
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Test on Chapters 4 and 5 |
1 hour |
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VII. |
Chapter 6: Time Value of Money Concepts |
5 hours |
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A. |
Basic Time Value Concepts |
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B. |
Single-Sum Problems |
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C. |
Annuities |
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D. |
More Complex Situations |
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VIII. |
Chapter 7: Cash and Receivables |
5 hours |
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A. |
Internal Control of Cash |
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B. |
Bank Reconciliation |
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C. |
Petty Cash |
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D. |
Restricted Cash and Compensating Balances |
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E. |
Accounts Receivable |
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F. |
Notes Receivable (Interest & Non-interest Bearing) |
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G. |
Financing with Receivables |
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Test on Chapters 6 and 7 |
1 hour |
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IX. |
Chapter 8: Inventories Measurement |
6 hours |
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A. |
Inventory Classification and Control |
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B. |
Basic Issues in Inventory Valuation |
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C. |
Physical Goods Included in Inventory |
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D. |
Costs Included in Inventory |
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E. |
What Cost Flow Assumption Should Be Adopted? |
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F. |
Dollar Value LIFO |
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G. |
Cost Indexes |
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X. |
Chapter 9: Inventories: Additional Issures |
6 hours |
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A. |
Lower of Cost or Market |
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B. |
Valuation Bases |
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C. |
The Gross Profit Method of Estimating Inventory |
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D. |
Retail Inventory Method |
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E. |
Presentation and Analysis |
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F. |
LIFO Retail Methods |
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G. |
Changing from Conventional Retail to LIFO |
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Test on Chapters 8 and 9 |
1 hour |
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XI. |
Chapter 10: Operational Assets: Acquisition |
5 hours |
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A. Costs to be Capitalized |
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B. Lump-Sum Purchases |
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C. Noncash Acquisitions |
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D. Interest Capitalization |
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XII. |
Chapter 11: Operational Assets: Utilization and Disposition |
5 hours |
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A. Depreciation, Depletion and Amortization |
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B. Depreciation of Operational Assets |
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C. Depletion of Natural Resources |
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D. Amortization of Intangible Assets |
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E. Changes in estimates or methods |
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F. Expenditures subsequent to Acquisition |
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G. Disposition of Operational Assets |
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Test on Chapters 10 and 11 |
1 hour |