This is the second course in a three course sequence on Financial Accounting for Accounting and Financial Controllership students. This course continues an examination of the liability and equity accounts. Topics will include current liabilities and contingencies, long-term liabilities and leases, stockholders’ equity including coverage of the issuance and repurchase of shares, dividend policy, and the impact of dilutive securities on earnings per share. The effect of share conversions, warrants, stock options and compensation plans will also be discussed.

CILO-1: Students will be able to report and analyze property, plant, equipment and intangible assets. CILO-2: Students will be able to present and analyze liability-related information. CILO-3: Students will be able to explain, compare and perform different accounting treatments related to share issuance, treasury shares, dividend distributions and dilutive securities. CILO-4: Students will be able to develop a greater appreciation for the complex judgements and decisions that go into financial accounting and reporting. CILO-5: Students will be able to identify and describe the major gap between the international accounting standards and the U.S. GAAP.