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 I -- Introduction : the role of management accounting -- cost accounting vs. cost management -- Part I : 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 II : 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 shourtcut approach to formulating the budget -- 4. Management accounting/Cost management II -- Part III : using cost data for control -- Responsibility accounting : introduction -- Standard costs and variance analysis for cost centers-- Segmental reporting for profit centers -- Responsibility accounting for investment centers -- Balanced scorecard -- Transfer pricing -- Part IV : 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 -- Accounting packages -- Activity-based costing (ABC) software -- Spreadsheets (electronic worksheets) -- Auditing tasks -- Spreadsheet-assisted auditing -- Tax preparation and planning -- Using database management systems (DBMS) -- Software systems that impact value chain management -- Wireless technology -- 9. Quantitative methods for accounting -- Decision making -- Linear programming and shadow pricing -- Learning curve -- Inventory planning -- 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) -- Audit reports -- Compilation of financial statements -- Review of financial statements -- Reports of financial statements -- Audit documentation -- Internal auditing -- Section 404 of the Sarbanes-Oxley Act -- The SOX section 302 and section 906 considerations -- 11. Personal financial planning -- Objectives of personal financial planning -- 12. Governmental and nonprofit accounting -- Characteristics of nonbusiness organizations -- Governmental accounting -- Nonprofit organizations and financial reporting -- 13. International accounting and International Financial Reporting Standards (IFRS) -- Introduction : accounting dimensions of international business -- Foreign currency exchange rates -- U.S. GAAP vs. IFRS -- Required financial statements and structural differences in primary financial reporting -- IFRS differences affecting the statement of financial position --- IFRS differences affecting the income statement -- 14. Forensic accounting -- 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 Sarbanes-Oxley Act of 2002 -- Appendix B. Sarbanes-Oxley compliance practice aid .
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