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IAI Major Course Description - BUS903 : Financial Accounting

(3-4 semester credits)

At the conclusion of this course, students will be able to:

  • construct, interpret, and analyze the balance sheet
  • analyze period-end adjustments – accruals and deferrals
  • construct, interpret, and analyze the income statement for a service business and a merchandising business
  • construct, interpret, and analyze various periodic and perpetual merchandise inventory methods
  • interpret and analyze the cash account, formulate an accurate policy for future business decisions
  • interpret and analyze the receivables, formulate an accurate policy for future business decisions
  • interpret analyze and construct a depreciation policy for the long-term assets
  • interpret, analyze liabilities (short-term, long-term, and contingent)
  • construct interpret and analyze the stockholder’s equity section of corporations
  • construct, interpret and analyze a cash flow statement
  • interpret and analyze the financial statements using various ratios and analyses.

REVISED 04/17/2015



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