Sub Competence: Capable of applying concept of accounting treatment for delusional and EPS letter accounts:

1. Apply accounting (expenditure, conversion, redemption) to convertible obligation

2. Explaining the accounting for convertible preferred stock

3. Contrasting accounting for share warrants and share warrants that are issued together with other securities

4. Describing / practicing accounting for compensation programs (share-option, resticted share, ESPPs)