Financial Accounting

  1. The Conceptual Framework of Financial Reporting
    1. Standard-Setting Bodies
      1. Financial Accounting Standards Board (FASB)
        1. Structure and Role
          1. Standard-Setting Process
            1. Accounting Standards Codification (ASC)
            2. International Accounting Standards Board (IASB)
              1. Structure and Role
                1. IFRS Development Process
                2. Securities and Exchange Commission (SEC)
                  1. Regulatory Authority
                    1. Oversight of Public Companies
                      1. Filing Requirements
                    2. Generally Accepted Accounting Principles (GAAP)
                      1. Definition and Scope
                        1. Hierarchy of GAAP
                          1. Sources of GAAP
                            1. U.S. vs. International GAAP
                            2. International Financial Reporting Standards (IFRS)
                              1. Key Features
                                1. Differences from U.S. GAAP
                                  1. Global Adoption Status
                                    1. Convergence Efforts
                                    2. Qualitative Characteristics of Useful Financial Information
                                      1. Fundamental Characteristics
                                        1. Relevance
                                          1. Predictive Value
                                            1. Confirmatory Value
                                              1. Materiality
                                              2. Faithful Representation
                                                1. Completeness
                                                  1. Neutrality
                                                    1. Freedom from Error
                                                  2. Enhancing Characteristics
                                                    1. Comparability
                                                      1. Verifiability
                                                        1. Timeliness
                                                          1. Understandability
                                                          2. Cost Constraint
                                                          3. Key Accounting Principles and Assumptions
                                                            1. Economic Entity Assumption
                                                              1. Going Concern Assumption
                                                                1. Monetary Unit Assumption
                                                                  1. Periodicity Assumption
                                                                    1. Measurement Principle
                                                                      1. Historical Cost
                                                                        1. Fair Value
                                                                          1. Present Value
                                                                          2. Revenue Recognition Principle
                                                                            1. Expense Recognition Principle
                                                                              1. Full Disclosure Principle
                                                                                1. Conservatism Principle
                                                                                2. Elements of Financial Statements
                                                                                  1. Assets
                                                                                    1. Liabilities
                                                                                      1. Equity
                                                                                        1. Investments by Owners
                                                                                          1. Distributions to Owners
                                                                                            1. Comprehensive Income
                                                                                              1. Revenues
                                                                                                1. Expenses
                                                                                                  1. Gains
                                                                                                    1. Losses

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                                                                                                  1. Introduction to Financial Accounting

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                                                                                                  3. The Accounting Information System and Cycle