Learning Outcomes

Assessment

1.  Understand the broad role that accounting information plays in the economy

Quizzes, Spreadsheet Application, Test
Annotated Bibliography of accounting article, Discussion, Flashcards

2.  Understand of basic financial statements their nature, purposes and use by business decision makers

Quizzes, Spreadsheet Application, Test
Annotated Bibliography of accounting article, Discussion, Flashcards

3.  Ability to use the language of accounting and apply the important concepts on which financial reporting is based

Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated Bibliography of accounting article

4.  Appreciation of general business concepts and processes

Quizzes, Spreadsheet Application, Test Flashcards, Flashcards, Annotated Bibliography of accounting article

5.  Ability to analyze the impact of basic business transactions on the financial statements of a business corporation

Quizzes, Spreadsheet Application, Test Flashcards, Flashcards, Annotated Bibliography of accounting article, Discussion, Read annual report

6.  Ability to construct basic financial statements for a simple corporate business entity

Quizzes, Spreadsheet Application, Test Flashcards, Flashcards, Annotated Bibliography of accounting article , Discussion

7.  Ability to evaluate the financial performance of a simple corporation on the basis of its financial statements

Quizzes, Spreadsheet Application, Test Flashcards, Flashcards, Annotated Bibliography of accounting article, Discussion
Calculate at least one financial statement ratio within each of the following four categories and discuss its usefulness and limitations in making decisions: Liquidity, Activity or turnover, Financial Leverage, Profitably, and Valuation for a company listed on the NYSE.