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Course Description

This is course continues the deep examination of generally accepted principles related to the preparation of financial statements, with particular emphasis on balance sheet valuations and their relationship to income determination.  It also employs the concept of the time value of money and the application of present value techniques to accounting valuations. Participants will study the valuation and disclosure issues associated with inventory, property, plant, and equipment, and intangible assets in depth.

Successful completion of this course is the basis for taking Intermediate Accounting II.

Learner Outcomes

  • Develop a more advanced understanding of generally accepted principles related to preparation of financial statements, with emphasis on balance sheet valuations and their relationship to income determination
  • Exploration of time value of money concepts and the application of present value techniques to accounting valuations
  • In depth study of valuation and disclosure issues associated with inventory, property, plant & equipment, and intangible assets
  • Analyze and question financial statements prepared by others.
  • Prepare the Statement of Cash Flows from income statement, balance sheet, and other required data.
  • Understand the implications of different inventory valuation and fixed asset depreciation methods.
  • Employ time value of money principles within the accounting for long-term assets and liabilities.
  • Identify and describe current and long-term liabilities and contingencies
  • Communicate what costs are capitalizable (both tangible and intangible), the related cost bases for those acquisitions, and the related cost recognition methods
     

Prerequisites

ECON X400 – Principles of Financial Accounting, equivalent course or work experience as approved by Course Instructor and Program Manager.  

Applies Towards the Following Certificates

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Type
Blended
Days
T
Time
6:00PM to 7:30PM
Dates
Jun 25, 2024 to Sep 03, 2024
Campus
Web-based Instruction
Schedule and Location
View Details
Contact Hours
36.0
Location
  • Web-based Instruction
Delivery Options
Online Blended  
Course Fee(s)
Course Fee credit (4 units) $685.00
Potential Discount(s)
Available for Credit
4 units
Instructors
Section Notes

Steps to Enroll

How to Access Your Online Course on Canvas

Late Registrations Notice: 

Self-enrollment will be available until 11:59 PM PT of the second business day after the 1st class session (i.e. If the first class starts on Thursday, self-enrollment is open until the following Monday at 11:59 pm).  If you wish to enroll after that time, please contact PaCE Support at help@professional.ucsb.edu

Required Textbook(s):
Students are required to purchase the textbook(s) assigned by the instructor. The instructor will provide details to the class prior to the course start date.

No refunds after 07/07/24
A minimum $40 non-refundable administrative fee per course is charged for all drops. See the full Drop Policy here.