This Credit Unit will cover corporations and bonds payable, as well as, statement of cash flows.
Describe the characteristics of a corporation.
Demonstrate an understanding of the accounting processes specific to stock, dividends, treasury stock and retained earnings.
Prepare the accounting for basic bond transactions.
Demonstrate an understanding the cash flows statement preparation process for both the indirect and the direct method.
Interpret and analyze financial statements.
Explain how to handle transactions in a voucher system.