Upon successful completion of the course, students will be able to: list four characteristics of plant assets; calculate depreciation using straight-line, units-of-production and double-declining methods; distinguish between capital and revenue expenditure and prepare entries for each; account for the issuance of common and preferred stock; account for cash and stock dividends; identify and record employee deductions; analyze effect of changing interest rates on value of bonds; amortize bond premiums and discounts; prepare a statement of cash flows; and compute various categories of financial ratios.