2010-2011 Academic Catalog 
    
    Dec 26, 2024  
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2010-2011 Academic Catalog [ARCHIVED CATALOG]

ACCT 5101 - Financial Accounting and Reporting I

Accounting issues relevant to commercial organizations are numerous and complex. A set of accounting literature, referred to as Generally Accepted Accounting Principles or GAAP, guides the profession in the resolution of these issues. This course does not attempt to cover all GAAP, but rather provides a foundation for solving practical financial problems by introducing certain topics that are important in understanding the complexities of the business and financial world. The conceptual framework of accounting is discussed and then used as a basis to study accounting literature related to the recognition and measurement of current and noncurrent assets, current and noncurrent liabilities, stockholders’ equity, and the development of income statements and balance sheets.

Prerequisites: ACCT 4100  or U.S. accounting course.

When Offered: 14 weeks

Faculty: TBA
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