PPT-9: After studying this chapter you should be able to:

Understand the nature of investments including which types of companies have significant investments Explain and apply the costamortized cost model of accounting for investments Explain and apply the fair value through net income model of accounting for investments. You should check with your course provider to find out if your cou rse is eligible for funding and x completing between 11 9 SCQF credits 120 with a non campus based university each academic year and x not receiving support from any other overnment Understand basic accounting terminology.. Explain double-entry rules.. Explain how transactions affect the accounting equation.. Identify the steps in the accounting cycle and the steps in the recording process.. Understand inventory from a business perspective.. Define inventory from an accounting perspective.. Identify which inventory items should be included in ending inventory.. Identify the effects of inventory errors on the financial statements and adjust for them.. Understand how firms create value and manage performance.. Understand how users use information about performance to make decisions.. Understand the concept of and be able to assess quality of earnings/information.. Understand . the importance of intangible assets and goodwill from a business perspective.. Define and describe the characteristics of intangible assets.. Identify and apply the recognition and measurement requirements for purchased intangible assets.. Understand . the importance of pensions from a business perspective.. Identify . and account for a defined contribution benefit plan.. Identify . and explain what a defined benefit plan is and the related accounting issues.. Discuss the characteristics of the corporate form of organization, rights of . shareholders, and . different types of shares.. Explain . how to account for the issuance, reacquisition, and retirement of shares, stock . Understand the importance of property, plant, and equipment from a business perspective.. Identify the characteristics of property, plant, and equipment assets.. Identify the recognition criteria for property, plant, and equipment.. Indicate the usefulness and describe the main components of a conceptual framework for financial reporting.. Identify the qualitative characteristics of accounting information.. Define the basic elements of financial statements.. Understand . the importance of cash flows from a business perspective.. Describe . the purpose and uses of the statement of cash flows.. Define . cash and cash equivalents.. Identify . the major classifications of cash flows and explain the significance of each classification.. Understand . what derivatives are and how they are used to manage risks.. Understand . how to account for derivatives.. Analyze . whether a hybrid/compound instrument issued for financing purposes . represents a . Chapter 2. Lesson 1. Studying Geography. Physical maps show land and water features.. Studying Geography. Political maps show the names and borders of countries.. Studying Geography. Special purpose maps show patterns such as climate, natural resources, or population.. Chapter 10: Compensation Objectives After reading this chapter, you should be able to: Describe the purpose of compensation. Discuss the importance of equity relative to a firm’s compensation decisions. reading your notes is NOT studying It is simply reOnly doing the readings for class is not studying It is simply doing the reading for class Re-reading leads to quick forgetting Ideas for active stud