ACC-6030 Accounting Theory
This course studies the generally accepted accounting principles (GAAP) as they affect today's practitioners. The course emphasizes is on accounting conceptual framework and philosophy that includes income, liability, and asset valuation based on inductive, deductive, and capital market approaches. The course also surveys price-level changes, monetary and nonmonetary factors, problems of ownership equities, and the disclosure of relevant information to investors and creditors.
Advisory: Working knowledge of Microsoft Excel is required.