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.
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)