BA 122 Professional Accounting III
Continues the Professional Accounting sequence. Emphasizes fund flow analysis, financial ratios, preparing statements from incomplete data, correcting errors in prior year statements and price level changes. Job search skills are also emphasized.
Prerequisite
Prerequisite:
BA 121 Professional Accounting II with a C or better.
Offered
Offered Spring only
Notes
Career Technical Education (CTE) Course
Outcomes
Upon successful completion of this course, students will be able to:
Describe debt and equity investments, the two main types of securities that companies hold, and the key issues in accounting for them, including cost and fair value accounting. Define book income and taxable income and compute income tax expense and income tax payable when there is no book-tax difference. Describe a typical lease contract and identify the advantages of leasing. Describe the characteristics and types of stock-based compensation. Compute basic earnings per share, including the necessary adjustments to the earnings per share numerator and the effect of stock splits and stock dividends on the denominator. Identify and describe the types of accounting changes, including the difference between retrospective and prospective changes. Describe the format of the statement of cash flows, including classification of activities into operating, investing, and financing sections, the reconciliation of cash and cash equivalents, and disclosure of significant noncash investing and financing transactions.