Catalogue 2012 - 2013

AC 622 Accounting Theory and Contemporary Issues

Credits

3 cr.

Prerequisite

AC 306 or its equivalent.

Course Description

This course is a study of accounting literature. Subjects include accounting research bulletins, opinions of the Accounting Principles Board, statements and interpretations of the FASB, and trends and controversies in accounting theory. Key outcomes include an understanding of the ethical conflicts that arise in public accounting, how controversies are resolved or left unresolved, how standards are promulgated, and the ability to anticipate the affects of changes in accounting standards.