Problem:
- The essentials of record-keeping.
- Preparation of simple financial statements.
- Balance sheet: Asset and Liability measurement and recognition.
- Income Statement: Revenue and expense recognition and measurement
- Account receivable; advances form customers; revenue recognition.
- Measuring and reporting working capital accounts: cash; prepayments; inventory; accounts payable; warranties; restructuring charges.
- Cost Behavior, decision making and simple budgeting: fixed and variable costs; relevant costs for decision making; cost-volume-profit analysis.
- Noncurrent assets: recognition and measurement of noncurrent assets; tangible and intangible assets; depreciation; impairment testing.
- Introduction to investments: introduction to investment in debt and equity securities; marketable securities and equity method investment.
- Statement of cash flows: preparing and understanding a statement of cash flows.
- Bonds: liabilities-bonds.
- Performance measurement: introduction to financial statement analysis; assessing firm level performance and an introduction to FSA.