ACC 570 Adv Theory Financial Acc't

The purpose of the course is to explore, at an advanced level, the concepts, principles, and rationale that support the framework of financial accounting as represented by financial statements of various forms of economic enterprises. Considerable emphasis is placed on valuation of assets, the full and appropriate disclosures of liabilities, and the proper presentation of financial reports. Throughout the course, students will study the statements of the Accounting Principles Board of the AICPA, the statements and interpretations of the Financial Accounting Standards Board, the regulations of the Securities and Exchange Commission, the International Standards for financial reporting, and the codification of financial accounting standards. Prerequisite: 21 credits in undergraduate accounting with a grade of C or better.

Credits

3