- Course Orientation
- You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
- Module 1: Cash & Accounts Receivable
- We will learn about internal controls, including rank reconciliations, as well as restrictions over cash. Next, we will introduce the two approaches to estimating bad debt expense related to accounts receivable. Lastly, we will discuss notes receivable and various methods of financing with receivables.
- Module 2: Inventory - Measurement
- We will learn about the types of inventory systems, as well as the costs that should be included in inventory. Next, we will understand the various inventory costing methods, as well as key factors on choice of these methods. Lastly, we will discuss inventory ratio analysis, as well as methods of simplifying LIFO.
- Module 3: Inventory - Additional Issues
- We will learn about the subsequent measures of inventory such as LCNRV. Next, we will understand the various inventory estimation methods when we are unable to take a physical count. Then, we will discuss the various types of inventory cost flow methods. Lastly, we will discuss how to handle changes in inventory methods as well as inventory errors.
- Module 4: PP&E - Acquisition & Disposition
- We will learn about the types of long-lived assets, as well as the basic costs to be capitalized. Next, we will understand the various complex issues of determining capitalized costs as well as discuss asset dispositions and exchanges. Lastly, we will learn about the costs associated with self-constructed assets.
- Module 5: PP&E - Utilization & Impairment
- We will learn about the various cost allocation methods, as well as key factors on the decision makers’ perspective on selecting a depreciation method. Next, we will understand depletion of natural resources and amortization of intangible assets. Lastly, we will discuss how to account for expenditures after asset acquisition.
- Module 6: Issues of Long-Lived Assets
- We will discuss capital budgeting and ratio analysis. Next, we will discuss the various types of intangible assets. Lastly, we will discuss asset impairment and measurement issues.
- Module 7: Investments
- We will learn about the various types of investments based on the level of investor influence. Next, we will understand the accounting for the three types of securities when the investor lacks significant influence. Then, we will determine when the equity method is used for securities where the investor has significant influence. Lastly, we will discuss fair value adjustments for investments.
- Module 8: Course Wrap-Up & Case Study
- If you would like to earn an Honors badge on your certificate for this course, you must complete a peer reviewed case study that will serve as a cumulative recap of all of the concepts that you have learned throughout this course. The case study will involve a detailed analysis of a publicly held Fortune 500 company in which you will analyze the Annual Report or 10K Report.
