Learning Outcomes Relationships

PLO 1: Formulate professional opinions and guidance by analyzing both financial and non-financial data using critical thinking skills within ethical guidelines and standards.

CLO 1: Identify the role of accounting in society.
CLO 2: Explain the basic generally accepted accounting principles and their relationship to accounting reporting.
CLO 3: Apply the accounting model to determine the effect of financial transactions on a corporation's financial statement.
CLO 4: Apply internal controls to cash receipts and cash payments.
CLO 5: Account for key domain business activities: Revenues and receivables.
CLO 6: Account for key domain business activities: Merchandising and inventory.
CLO 7: Account for key domain business activities: Long-term assets and depreciation.
CLO 8: Account for key domain business activities: Long-term liabilities including effective Interest.
CLO 9: Evaluate business performance using various financial ratios and EPS.
CLO 10: Construct the balance sheet, income statement, statement of retained earnings and cash flow statement with the use of a calculator and/or computer.
CLO 11: Classify current assets and current liabilities.
CLO 12: Solve accounting problems by critically analyzing data in various business situations.

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