Engages students in the study of stockholders' equity including issuance and reacquisition of capital stock, dividends and retained earnings. Topics of coverage also include accounting for short-term and long-term investments in securities, revenue recognition and long-term contracts, study of cash flows, capital leases, and interpretation and analysis of financial statements. Involves use of cases and study of ethics in accounting. And computer applications in financial accounting. The course also refers to International Accounting Standards (IFRS) and standards issued by the Saudi Organization for Certified Public Accountants (SOCPA).

Pre-requisites: ACCT301