Accounting Information Systems 2
|Lecture hours per week||2|
|Lab hours per week||2|
This course is designed to provide the student with a comprehensive understanding of accounting topics, both their application and rationale and builds on the basic understanding of financial accounting acquired in the previous financial accounting courses. The course topics focus on the preparation of financial statements and include: current liabilities and contingencies, long-term liabilities, shareholders’ equity, retained earnings, statement of cash flows as well as more specialized topics such as earnings per share calculations, accounting for corporate income tax, pensions, leases, accounting changes and error analysis, and the principles of full disclosure in financial reporting. Partnership equity accounting is discussed. Assessment will be done by three tests. Instructional strategies include lectures, discussion, exercises and problems.