2017-2018 Undergraduate/Graduate Catalog

AC 501 Financial Reporting I

 A comprehensive review of accounting cycle and analytical concepts. Historical development of current financial reporting, FASB's conceptual framework, preparation of primary financial statements, measurement, recognition, and reporting of assets. In-depth coverage of the measurement, recognition, and reporting of inventories, long-lived assets, and intangible assets.

Credits

3

Prerequisite

Acceptance to the Certificate in Accounting Program, plus AC 211 (Introduction to Financial Accounting) or equivalent and AC 212 (Introduction to Managerial Accounting) or equivalent, or AC 500 (with grade of B or higher)

General Education

Offered

  • Fall and Spring
  • Summer