Reporting Cash Flows
Explain the purpose and importance of cash flow information.
Distinguish between operating, investing and financing activities.
Analyze the statement of cash flows.
Prepare a statement of cash flows.
Compute cash flows using the indirect method.
Managerial Accounting Concepts and Principles
Explain the purpose and nature of managerial accounting.
Describe fraud and the role of ethics in managerial accounting.
Define product and period costs and explain how they impact financial statements.
Compute cost of goods sold for a manufacturer.
Prepare a manufacturing statement and explain its purpose and links to financial statements.