Classify the various financial statement elements (assets, liabilities, equity, revenue, and expenses).
Understand the basic and expanded accounting equations.
Understand the roles of standard setting bodies and regulatory authorities.
Be familiar with the ifrs framework, and also identify the key differences between ifrs and us gaap.
Calculate depreciation, cogs, inventory under different cost flow assumptions, basic and diluted eps.
Distinguish between operating and non-operating items.
Understand the various balance sheet accounts, how they are valued, and what they represent.
Calculate financial ratios and make inferences through the ratios.
Construct a cash flow statement, by either the direct or indirect method.
Distinguish between operating, investing, and financing cash flows.
Apply various tools and techniques used in financial analysis.
Use the dupont formulas to decompose roe into its components to interpret a firm's profit drivers.
And so much more