ACC 323 Finanancial Accounting Theory and Advanced Applications

This course concludes the in-depth and critical examination of accounting theory, concepts and regulation. Generally accepted accounting principles (GAAP will be examined as they relate to financial statement preparation and disclosure, revenue recognition, long-term construction contracts, deferred taxes, pensions, leases, accounting changes, derivatives, and financial analysis). Emphasis will be on applicable accounting pronouncements and convergence with international financial reporting standards (IFRS). The course will involve a designated research component using the FARS database, ethical considerations, cooperative learning, case analysis, and oral and written communication skills. Computer literacy is assumed. Prerequisite: ACC 322.