Financial Accounting and Reporting

Overview of accounting and financial statements; accounting as the language of business; there is more to accounting than meets the eye; the accounting process; using and understanding the basic financial statements; the balance sheet; the income statement; the statement of cash flows; analyzing and understanding corporate financial reports; measuring and reporting assets and equities using generally accepted accounting principles; trade receivables and marketable securities; inventories and cost of goods sold; active investments and business communications; noncurrent assets - fixed assets, intangible assets and natural resources; accounting of liabilities - basic concepts, payables, accurals, and interest-bearing debt; leases, retirement benefit, and deferred income taxes; owners' equity; financial reporting in two other countries; communication corporate value.