Explain and apply accounting for long-lived assets, including acquisition, cost allocation through depreciation, amortization, and depletion, as well as impairment and disposal of tangible and intangible assets.
Identify, measure, and record current and long-term liabilities, including notes payable, bonds payable, lease obligations, and contingent liabilities, and analyze their effects on financial statements.
Describe and account for transactions affecting stockholders’ equity, including the issuance of stock, payment of dividends, and accounting for treasury stock.
Prepare and interpret the statement of cash flows using both the direct and indirect methods to analyze a company’s cash position and operating performance.
Perform and interpret financial statement analysis, including ratio, trend (horizontal), and common-size (vertical) analysis, to evaluate liquidity, profitability, and solvency.
Integrate accounting concepts to interpret, evaluate, and communicate financial information for effective decision-making in business and investment contexts.