10 Personal Learning Objectives of AMIS 521

By the end of the quarter, you should have a better understanding of:

1. the nature and purpose of financial reporting in our capital markets;

2. how to read and understand financial statements and footnote disclosures;

3. how financial reporting is regulated;

4. the concepts underlying accounting standards;

5. the transition from US GAAP to IFRS (International Financial Reporting Standards);

6. accounting recognition and measurement for certain balance sheet and income statement accounts;

7. alternative accounting policies, e.g., fair value vs. historical cost

8. where to find information about new accounting standards and current accounting controversies;

9. articles from the business press; and

10.ethical issues in financial reporting practice.