Conceptual objectives:

1. Distinguish between debt and equity securities and between short-term and long-term investments.
2. Describe how to report equity securities with controlling influence.
3. Appendix CA—Explain foreign exchange rates and record transactions listed in a foreign currency.

Analytical objectives:

1. Compute and analyze the components of return on total assets.

Procedural objectives:

1. Account for trading securities.
2. Account for held-to-maturity securities.
3. Account for available-for-sale securities.
4. Account for equity securities with significant influence.