Construct and interpret both a balance sheet and an income statement.

Construct and interpret a statement of cash flows.

Apply the financial accounting rules that exist in the following areas.

a.           Revenue recognition

b.            Inventory

c.            Compensation (including pensions and options)

d.            Long-term assets (including impairment)

e.            Bonds

f.              Leases (including the financial ratio impact of operating leases)

g.            Stockholders’ equity (including accumulated other comprehensive income)

h.             Investment securities (including derivatives)

i.              Fair value accounting

j.              Foreign currency transactions and translation

Employ the time value of money in a financial accounting context.

Construct and use simple Excel spreadsheets in a financial accounting setting.

Discuss accounting issues and solve accounting problems in a time-constrained group setting.

Be able to use online learning resources.

Intelligently discuss the ethical dimensions of a variety of accounting-related business problems.

Track the ongoing internationalization of financial accounting.

Independently manage time and workload for a variety of tasks.