ACC 520 Intermediate Accounting 1

This course begins an in-depth and critical examination of accounting theory, concepts and regulation at a graduate level. Generally accepted accounting principles in the United States of America (GAAP) will be examined as they relate to financial statement preparation, asset valuation, liability determination and related income recognition. Emphasis will be on applicable accounting pronouncements and to a much lesser extent convergence with international financial reporting standards (IFRS). The course will involve a research component using the FASB codification database, ethical considerations, interactive learning, case analysis, and communication skills. The course presumes a basic understanding of financial accounting. The expected level of understanding of an accounting topic will be considerably higher as we explore new accounting theory.

Credits

3