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Define Your Path

MBA 506 Corporate Accounting Theory & Practice II

Credits: 
4
Prerequisites: 
MBA 504

Master advanced global accounting trends and reporting standards.

Format: Online
Duration: 8 weeks

In MBA 506 Corporate Accounting Theory and Practice II, you will explore key topics such as investment accounting, current liabilities and contingencies, bonds, leases, shareholder's equity, and the statement of cash flows. You will address changes in and the difference between new global accounting trends and reporting standards in U.S. GAAP (Generally Accepted Accounting Principles), IASB (International Accounting Standards Board), FASB (Financial Accounting Standards Board), and IFRS (International Financial Reporting Standards).

You will consider how the balance sheet reflects how a company handles current liabilities, and tax obligations. You will also look at long-term liabilities such as bonds, contingent liabilities and long-term notes and gain insight into the extinguishment of debt along with the record keeping vital to account for the execution of convertible debt into common stock. Another liabilities area you will examine is leases, specifically capital leases that create debtor-creditor relationships and operating leases that are, in essence, rental agreements. You will understand the use of leases as a tool to augment capital expenditure purchases of long-lived assets, and to acquire technologically advanced equipment with short life spans.

What You Will Learn in MBA 506

You will study Stockholder’s Equity from the company’s vanatage point by exploring retained, earnings, comprehensive income, and dividends, and treasury stock as factors that impact the overall shareholder’s value in the company. You will learn how shareholders’ residual interest is classified between two sources of shareholder equity — earned capital and invested capital. You will also analyze how corporations issue common stocks and retire treasury stock.

SAMPLE DISCUSSION TOPIC

What might have been the accounting, financial, and strategic motivations for Apple — a fiscally conservative company — announcing an atypically high 7 to 1 stock split in 2014?
Explore this and more in MBA 506.

In MBA 506, you will dissect the nuances of changes in accounting principle and error corrections and understand the related use of prospective and retrospective reporting. Spanning the information gap that exists between the balance sheet and income statement, the cash flow statement shows how management generates, invests and procures cash to enhance shareholder wealth. You will evaluate to understand how both investors and creditors use cash flow statements to measure a corporation’s progress toward its financial goals.

Course Topics

Throughout this course, weekly topics may include but are not limited to:

  • Current Liabilities and Contingencies
  • Bonds and Long-Term Notes
  • Leases
  • Accounting for Income Taxes
  • Shareholder’s Equity
  • Accounting Changes and Error Corrections
  • Revisiting the Statement of Cash Flows

Course Learning Outcomes

Upon successful completion of MBA 504 you will be able to:

  • Assess the significance of external financial reporting exerts in the daily business operations of a global organization and the importance that capital markets place on timely and accurate reporting.
  • Interpret the key sources of accounting standards and the impact of the current trend toward convergence of US GAAP and International Financial Reporting Standards (IFRS) on the compilation of financial reporting.
  • Categorize the core elements of financial statements and their related disclosures as they relate to the liabilities and owner’s equity sections of the balance sheet for a global business enterprise.
  • Prepare a statement of cash flows and be able to discuss the nuances of the illustrated information in terms of their impact on management decision making and the critical nature that global investors place on these reports.

Request More Information Today

To learn more about the online Master of Business Administration curriculum from Benedictine University, including Corporate Accounting Theory and Practice II, call (866) 295-3104 to speak with a program manager or request more information.

Course content and outcomes may vary and are subject to change without notice.