Simon Fraser University - BUS 321: Financial Accounting - Equity

BUS 321: Financial Accounting - Equity (Simon Fraser University) requires the completion of BUS 320 with at least a C- grade and 45 units. This course delves deeply into accounting principles, methodologies, challenges, and constraints related to liabilities and owners' equity. It emphasizes quantitative analysis and provides a comprehensive understanding of these financial aspects.

Key Areas of Focus:

• Understand the recognition, measurement, and disclosure requirements for non-financial and current liabilities.
• Analyze and account for long-term financial liabilities, including bonds and other long-term debt instruments.
• Apply the accounting standards for leases from the perspective of the lessee, including recognition, measurement, and presentation.
• Comprehend the accounting treatment for leases from the lessor’s viewpoint, focusing on classification, recognition, and measurement.
• Evaluate and report shareholders' equity transactions, including common and preferred stock, dividends, and treasury shares.
• Identify and account for complex financial instruments such as derivatives, convertible securities, and options.
• Calculate and interpret earnings per share (EPS) in both basic and diluted forms, considering the impact of complex capital structures.
• Understand the accounting for pensions and other employee future benefits, including defined benefit and defined contribution plans.
• Examine the principles and procedures for accounting for income taxes, including current and deferred tax liabilities and assets.
• Apply the accounting standards for changes in accounting policies, estimates, and errors.
• Prepare and analyze the statement of cash flows, emphasizing operating, investing, and financing activities.