Topic-Level Outline
Days: 1
Prerequisites: None
Unit 1: Accounting system
Topic A:0 Fundamentals of accounting
A-1: Defining accounting
Topic B:0 Business activities
B-1: Relating accounting to business activities
Unit 2: Accounting for assets
Topic A:0 Introduction to assets
A-1: Identifying types of assets
Topic B:0 Current assets
B-1: Discussing an internal control system
B-2: Managing bad debts
B-3: Calculating accounts receivable turnover ratio
Topic C:0 Noncurrent assets
C-1: Calculating depreciation
C-2: Accounting for repairs and improvements
C-3: Accounting for natural resources
C-4: Discussing intangible assets
Unit 3: Accounting for inventory
Topic A:0 Fundamentals of an inventory system
A-1: Identifying inventory costs
A-2: Calculating purchase discounts
A-3: Discussing shipping costs
A-4: Safeguarding inventory
Topic B:0 Inventory management
B-1: Discussing inventory systems
B-2: Identifying other inventory costs
B-3: Comparing inventory costing methods
B-4: Estimating the value of inventory
B-5: Calculating the inventory turnover ratio
B-6: Tracing inventory errors
Unit 4: Accounting for liabilities
Topic A:0 Current liabilities
A-1: Discussing current liabilities
A-2: Accounting for contingent liabilities
Topic B:0 Long-term liabilities
B-1: Classifying long-term liabilities
B-2: Accounting for bonds payable
Unit 5: Time value of money
Topic A:0 Time value of money overview
A-1: Calculating the interest on cash
A-2: Calculating the future value of a cash flow
A-3: Calculating the present value of a cash flow
Topic B:0 Interest rates and maturity dates
B-1: Calculating interest rates and maturity dates
Topic C:0 Value of annuities
C-1: Calculating ordinary annuity values
C-2: Calculating annuity due values
Topic D:0 Value of bonds
D-1: Calculating the present value of a bond
Unit 6: Stockholders’ equity
Topic A:0 Fundamentals of stock
A-1: Identifying stocks
A-2: Calculating the value of stock
A-3: Calculating the value of a split stock
A-4: Calculating dividends, gains, and losses
Topic B:0 Stockholders’ equity
B-1: Identifying the type of an organization
B-2: Identifying the components of stockholders’ equity
B-3: Reporting stockholders’ equity
Topic C:0 Ratio analysis
C-1: Calculating financial ratios
C-2: Calculating the book value per share