In this course, students will move beyond the fundamental accounting processes of their introductory courses and learn about measurement, valuation and presentation of all the elements of Financial Statements.  This course expands upon the underlying framework and concepts of Financial Accounting in the context of how accounting fits into the overall business environment. The remainder of the course will cover the variety of accounting policy choices that are available to measure and value assets and the criteria used to make those choices.  Topics examined include those related to corporate financial position, operating results, cash flows, and financial strength. Students will study more complex accounting systems and will be shown how the various accounting alternatives for recording financial transactions impact on the usefulness of the information provided for decision-making.