The resources provided here are optional. You may use other resources of your choice to prepare for this assessment; However, you will need to ensure that they are appropriate, credible, and valid. They provide helpful information about the topics in this unit. The MBA-FP6014 – Financial Accounting Library Guide can help direct your research. The Supplemental Resources and Research Resources, both linked from the left navigation menu in your courseroom, provide additional resources to help support you.The following resources provide relevant financial accounting methods and practices.
Doran, D. T. (2012). Financial reporting standards: A decision-making perspective for non-accountants. New York, NY: Business Experts Press.
Chapter 1, "Overview of financial Accounting," pages 1-25
Chapter 2, "Cash, Receivables, and Revenue Recognition," pages 27-55
Chapter 4, "Operational Assets," pages 89-124
Chapter 5, "Liabilities: Current Contingent, and Long Term Debt," pages 125-161
Chapter 7, "Financial Instruments: Investment Securities and Derivatives," pages 179-222
Chapter 8, "Accounting for Postretirement Benefits and Income Taxes," pages 223-259
Chapter 9, "Stockholders' Equity and Earnings Per Share," pages 261-296
Chapter 10, "Statements of Cash Flows," pages 297-317
Libby, R., Libby, P., & Hodge, F. (2017). Financial accounting (9th ed.). New York, NY: Irwin.\ - Available from the bookstore
Chapter 9, "Reporting and Interpreting Liabilities," pages 450–479.
Chapter 11, "Reporting and Interpreting Owners' Equity," pages 544–569.
Chapter 13, "Analyzing Financial Statements," pages 642–670.
Assessment Instructions
Note: Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.For this assessment, complete Problems 1 and 2. You may use Word or Excel to complete the assessments throughout this course, but you will find Excel to be most helpful for creating spreadsheets. Tutorials for using Excel are provided in the Supplemental Resources in the left navigation menu. If you use Excel, submit the assessment in one Excel document, using separate tabs for each spreadsheet.