STANDARD COMPETENCIES:

 

 1.  Analyze, calculate, record and report transactions related to bonds and notes payable (I)

 2.  Explain the corporate structure (II)

 3.  Account for stock issuance, subscriptions, reacquisition and retirement (II)

 4.  Describe, calculate and record various dividends (III)

 5.  Analyze, record and report transactions impacting Retained Earnings (III)

 6.  Calculate basic and fully diluted earnings per share (IV)

 7.  Classify, value and account for investments in debt and equity securities (V)

 8.  Describe, identify and apply various methods of measuring income (VI)

 9.  Identify, analyze and report deferred taxes  (VII)

 10. Describe the nature of pension plans and record related transactions  (VIII)

 11. Analyze, record and report transactions related to leases  (IX)

 12. Prepare and analyze a statement of cash flows  (X)

 13. Use a variety of tools to analyze financial statements (XI)

 14. Analyze and record accounting changes  (XII)

 TOPICAL OUTLINE:

 

 I.      Long-term Debt

 II.     Stockholder's equity:  Contributed Capital

 III.    Stockholder's equity:  Retained Earnings

 IV.     Dilutive Securities and Earnings per Share

 V.      Investments

 VI.     Revenue Recognition

 VII.    Income taxes

 VIII.   Pensions

 IX.     Leases

 X       Statement of Cash Flows

 XI.     Financial Statement Analysis

 XII.    Accounting Changes