Development of accounting theory and practice as applied to: conceptual framework and financial reporting, complexities of revenue recognition, leases, income taxes, pensions, accounting changes and error correction. Prerequisite: ACCT 383.
Prerequisite(s) / Corequisite(s):
Course Rotation for Day Program:
Most current editions of the following:
Required: Most current editions of one of the following:
By Kieso, Donald E., Jerry J. Weygandt, and Terry D. Warfield. (Wiley) Recommended
By Stice, James, Earl Kay Stice, and Fred Skousen (ITP) Recommended
To apply accounting theory to financial accounting problems and to financial statements.
To engage in oral and written communication, as well as critical and creative thinking.
To develop skills in information technology, self-study and applied research.
To promote ethical awareness and professional responsibilities.
Explain the institutional structure of financial accounting.
Explain the conceptual framework of financial reporting.
Explain the complexities of revenue recognition.
Explain the accounting concept for leases.
Explain accounting for income tax allocation.
Explain accounting for pensions.
Explain accounting for changes and error correction.
• Revenue recognition • Income taxes • Pensions, post retirement benefits • Leases • Accounting changes • Statement of cash flows • Full disclosure
Recommended maximum class size for this course: 30
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by
the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this
course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical
outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's
subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.