1. Financial accounting : the financial statements -- Income statement reporting -- Balance sheet -- Statement of cash flows -- 2. Financial accounting : financial reporting requirements -- Interim reporting -- FASB accounting standards codification -- Accounting changes -- Prior period adjustments -- Disclosure of accounting policies -- Segmental reporting -- Imputing interest on notes -- Business combinations -- Consolidation -- Investments in securities -- Fair value measurements -- Fair value option for financial assets and financial liabilities -- Leases -- Pension plans -- Other postretirement benefits -- Income tax accounting -- Foreign currency translation and transactions -- Financial instruments -- Related parties -- 3. Management accounting/ cost management 1 -- Introduction : the role of management accounting -- Cost accounting vs. cost management -- Part 1 : processing cost data for cost accumulation -- Cost concepts, terms, and classifications -- Cost-accumulation systems -- Costing joint products and by-products -- Allocation of service department costs to production departments -- Activity-based costing -- Activity-based management -- Just-in-time (JIT) and total quality management (TQM) -- Measuring quality costs -- Backflush costing -- Throughput -- Environmental costs and ecoefficiency -- Life-cycle costs and target costing -- Part 2 : using cost data for planning -- Cost behavior analysis : analysis of mixed costs -- Cost-volume-profit (CVP) and break-even analysis -- Absorption versus variable costing -- Budgeting for profit planning -- A shortcut approach to formulating the budget -- 4. Management accounting/ cost management 2 -- Part 3 : using cost data for control -- Responsibility accounting : introduction -- Standard costs and variance analysis for cost centers -- Segmentaol reporting for profit centers -- Responsibility accounting for investment centers -- Balanced scorecard -- Transfer pricing -- Part 4 : using cost data for decision making -- Short-term and nonroutine decisions -- Capital budgeting decisions -- How does MACRS affect investment decisions? -- 5. Financial statement analysis -- Importance -- Horizontal analysis -- Ratio analysis -- Summary and limitations of ratio analysis -- 6. Individual income taxation : preparation and planning -- How to postpone taxes -- Sources of tax-exempt income -- How to delay paying tax on interest -- Gains or losses on securities transactions -- Tax strategies when children are involved -- Itemized deductions -- Self-employment -- Personal exemptions -- Standard deduction -- Tax implications of pension plans -- Real estate transactions -- Gifts -- Determination of tax -- Estate planning -- Advantages of having a trust -- Alternative minimum tax -- 7. Dictionary of accounting terms --
8. Information technology in accounting
Activity-based costing (ABC) software
Spreadsheets (electronic worksheets)
Spreadsheet-assisted auditing
Tax preparation and planning
Using database management systems (DBMS)
Software systems that impact value chain management
9. Quantitative methods for accounting
Linear programming and shadow pricing
Program evaluation and review technique (PERT)
10. Auditing and internal control over financial reporting
Sarbanes-Oxley Act and the public company accounting oversight board (PCAOB)
Compilation of financial statements
Review of financial statements
Reports on prospective financial statements
Section 504 of the Sabanes-Oxley Act
The SOX section 302 and section 906 considerations
11. Personal financing planning
Objectives of personal financial planning
12. Governmental and nonprofit accounting
Characteristics of nonbusiness organizations
Nonprofit organizations and financial reporting
13. International accounting and international financial reporting standards (IFRS)
Introduction : accounting dimensions of international business
Foreign currency exchange rates
Required financial statements and structural differences in primary financial reporting
IFRS differences affecting the statement of financial position
IFRS differences affecting the income statement
Why is forensic accounting necessary?
When does one employ a forensic accountant?
Where is a forensic accountant used?
How does a forensic accountant work?
Forensic accounting and fraud examination
Forensic specialists' investigation procedure
Forensic computing and the use of technology
IT and data mining used to detect corporate fraud
A case in forensic accounting
Appendix A : summary of the Sarbanex-Oxley Act of 2003
Appendix B : Sarbanes-Oxley compliance practice aid.
