Student during this course will be able to:
- Identify the major types of adjusting entries.
- Identify the classification of Property, Plant and Equipment (PP&E) and calculate the allocation of their cost based usage.
- Define, compute and record current liabilities and distinguish between them and contingent liabilities.
- Recognize the partnership and the corporate form of businesses, and being able to identify, compute and record the associated transactions.
- Explain the concept underlying long term liabilities; identify the available types and being able to show the related calculation and prepare the related journal transactions.