Course Description
Continuation of the in-depth study of accounting principles and techniques that was started in Accounting 3301.
Class sessions will consist of lectures, discussions, reviews, and analysis of topical/current situation relating to financial statements preparation, interpretation, manipulation, and other ramifications, especially in the United States. International developments will also be covered, as appropriate. Students will be specifically informed of any changes to this syllabus, made at the Instructor's discretion, for tractability and other reasons.
Course Credits: 3
Prerequisites: The prerequisite for this course is ACCT 2301 with a “C” or better. It is the student's responsibility to ensure proper enrollment in classes. You are advised to review your official class schedule as soon as possible to ensure proper enrollment. Should there be an error in your class schedule, you must correct it with your advisor and advising office. If registration errors are not corrected and you continue to attend and participate in classes for which you are not officially enrolled, you will not receive a grade (for such classes) at the conclusion of the semester.
Student Learning Outcomes
Students should be able to apply U.S. GAAP accounting for liabilities, bonds, leases, pensions, deferred taxes, equities, accounting changes, earnings per share, and statement of cash flows.
Understand accounting alternatives within GAAP and accounting alternatives to GAAP for the topics covered so that students are prepared to understand and use future changes in GAAP. Students will be able to demonstrate a working knowledge of the difference between U.S. GAAP and IFRS (International Financial Reporting Standards) for those same areas covered.