BA_Accounting 2 – Multihexa College

About Course

This course introduces students to prepare and analyze accounting information for shareholder and management use. Students will focus on topics related to accounting for partnerships and corporate transactions.
Each topic will develop accounting skills related to partnerships and corporations and will include share capital and balance sheets, retained earnings and income statements, long term liabilities, investment and international operations, cash flow statements and financial statement analysis.
Students will also understand the impact of accounting practices from International Financial Reporting Standards (IFRP).

After completion of the course, students are expected to be able to:
● Prepare financial statements for partnerships and corporations.
● Analyze and interpret financial data for management decision-making.
● Prepare tax returns for partnerships and corporations.
● Apply cost-volume-profit (CVP) analysis in managerial accounting.
● Assess and report on shareholder and stakeholder interests.

Course Content

Topic 1: Overview of Financial Reporting and Managerial Decision-Making

Topic 1: Introduction

00:00
LO1: Define the purpose and importance of financial reporting in supporting managerial decision-making processes

00:00
LO2: Explain the relationship between financial information, business operations, and organizational performance

00:00
LO3: Analyze how managers use financial reports to make strategic and operational business decisions

00:00

Topic 2: Financial Statement Preparation for Partnerships

Topic 3: Financial Statement Preparation for Corporations

Topic 4: Financial Data Analysis for Management Decisions

Topic 5: Interpretation of Financial Statements for Decision-Making

Topic 6: Tax Preparation for Partnerships

Topic 7: Tax Preparation for Corporations

Topic 8: Introduction to Cost-Volume-Profit (CVP) Analysis

Assessment I

Topic 9: CVP Analysis for Managerial Decision-Making

Topic 10: Assessing Shareholder and Stakeholder Interests

Topic 11: Reporting on Shareholder and Stakeholder Interests

Topic 12: Financial Statement Adjustments

Topic 13: Advanced Financial Statement Analysis

Topic 14: Financial Ratios for Business Performance

Topic 15: Ethics in Financial Reporting

Topic 16: Managerial Accounting for Decision-Making

Topic 17: Budgeting and Forecasting

Assessment II

Topic 18: Business Performance Evaluation

Topic 19: Advanced Applications of CVP Analysis

Topic 20: Final Exam Review

Final Quiz

About Course

What Will You Learn?

Course Content

Topic 1: Overview of Financial Reporting and Managerial Decision-Making

Topic 1: Introduction

LO1: Define the purpose and importance of financial reporting in supporting managerial decision-making processes

LO2: Explain the relationship between financial information, business operations, and organizational performance

LO3: Analyze how managers use financial reports to make strategic and operational business decisions

Topic 2: Financial Statement Preparation for Partnerships

Topic 2: Introduction

LO1: Describe the structure and characteristics of partnership accounting and financial reporting

LO2: Prepare partnership financial statements using appropriate accounting principles and reporting standards

LO3: Analyze the allocation of profits, losses, and capital among partners for financial reporting purposes

Topic 3: Financial Statement Preparation for Corporations

Topic 3: Introduction

LO1: Define the key components of corporate financial statements and their reporting requirements

LO2: Prepare corporate financial statements including the income statement, balance sheet, and statement of retained earnings

LO3: Evaluate the impact of corporate transactions on financial statement presentation and disclosure

Topic 4: Financial Data Analysis for Management Decisions

Topic 4: Introduction

LO1: Explain the role of financial data analysis in managerial planning and control

LO2: Analyze financial information using quantitative and qualitative analytical techniques

LO3: Interpret financial data to support informed business and management decisions

Topic 5: Interpretation of Financial Statements for Decision-Making

Topic 5: Introduction

LO1: Describe the significance of interpreting financial statements for business evaluation

LO2: Analyze financial statement trends and relationships to assess organizational performance

LO3: Evaluate financial statement information to support investment, financing, and operational decisions

Topic 6: Tax Preparation for Partnerships

Topic 6: Introduction

LO1: Define the taxation principles applicable to partnership businesses

LO2: Prepare partnership tax calculations and related financial reporting documents

LO3: Analyze the tax implications of partnership income allocation and business transactions

Topic 7: Tax Preparation for Corporations

Topic 7: Introduction

LO1: Explain the taxation framework governing corporate entities and business income

LO2: Prepare corporate tax calculations and related tax reporting schedules

LO3: Evaluate the effects of corporate taxation on business profitability and financial planning

Topic 8: Introduction to Cost-Volume-Profit (CVP) Analysis

Topic 8: Introduction

LO1: Define the fundamental concepts and assumptions underlying CVP analysis

LO2: Calculate contribution margin, break-even point, and target profit using CVP techniques

LO3: Analyze the relationship between cost behavior, sales volume, and profitability

Assessment I

Assessment I

Topic 9: CVP Analysis for Managerial Decision-Making

Topic 9: Introduction

LO1: Explain how CVP analysis supports managerial planning and decision-making

LO2: Analyze the effects of changes in cost structure, pricing, and sales volume on profitability

LO3: Evaluate business scenarios using CVP analysis to support strategic management decisions

Topic 10: Assessing Shareholder and Stakeholder Interests

Topic 10: Introduction

LO1: Define the roles and expectations of shareholders and stakeholders in business organizations

LO2: Analyze the financial and non-financial interests of various stakeholder groups

LO3: Evaluate how organizational decisions impact shareholder value and stakeholder relationships

Topic 11: Reporting on Shareholder and Stakeholder Interests

: Topic 11: Introduction

LO1: Describe the importance of transparent reporting to shareholders and stakeholders

LO2: Prepare reports that communicate organizational performance and accountability to stakeholders

LO3: Analyze the effectiveness of financial and sustainability reporting practices in meeting stakeholder needs

Topic 12: Financial Statement Adjustments

Topic 12: Introduction

LO1: Define the purpose and types of financial statement adjustments in accounting

LO2: Prepare adjusting entries for accruals, deferrals, depreciation, and estimates

LO3: Analyze the impact of financial statement adjustments on reported business performance and financial position

Topic 13: Advanced Financial Statement Analysis

Topic 13: Introduction

LO1: Explain advanced techniques used in financial statement analysis and evaluation

LO2: Analyze complex financial statements to assess liquidity, solvency, and profitability

LO3: Evaluate organizational financial performance using comparative and trend analysis methods

Topic 14: Financial Ratios for Business Performance

Topic 14: Introduction

LO1: Define the purpose and categories of financial ratios used in business analysis

LO2: Calculate and interpret liquidity, profitability, efficiency, and solvency ratios

LO3: Evaluate business performance and financial health using ratio analysis techniques

Topic 15: Ethics in Financial Reporting

Topic 15: Introduction

LO1: Explain the importance of ethics and professional responsibility in financial reporting practices

LO2: Analyze ethical issues and challenges related to accounting and financial disclosure

LO3: Evaluate the consequences of unethical financial reporting on organizations and stakeholders