Contents

1. Accounting Framework – course outline, key concepts, types of accounting, financial reports
2. Balance Sheet – balance sheet equation, assets, liabilities, equity, recognition exercise
3. Income Statement – revenues, expenses, gains, losses, accounting cycle exercise
4. Revenues, Expenses – revenue recognition, expense matching, contingent gains, and losses
5. Inventory Valuation – cost flow assumption, FIFO, LIFO, average cost, the LIFO reserve
6. Accounts Receivable – direct write-off method, allowance method, sales returns and allowances
7. Fixed Assets – historical vs. fair value, depreciation, straight-line vs. accelerated
8. Corporate Bonds, Leasing – discount/premium amortization; operating vs. capital lease
9. Accruals – IS vs. SCF, accruals, and deferrals, classification of business activities
10. Cash Flows – direct method, indirect method, cash flows vs. earnings
11. Earnings Management – institutional settings, cash flows vs. earnings, accounting manipulation
12. Accounting Jeopardy – practical applications of accounting, tricky issues, interconnections

Files (ACT23, JEB044, IES FSV UK, Financial Accounting) | Google Disk
https://drive.google.com/drive/folders/1u1NQbXSkSM_wDBwvZQ6W2RU-NUZI9tHT?usp=sharing