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; statement of cash flow. Prerequisite: ACCT 383.
Prerequisite(s) / Corequisite(s):
Most current editions of the following:
Current edition of one of the following:
By Kieso and Wygandt (Wiley) Required
By Spiceland, Sepe and Tomassini (McGraw-Hill) Required
To apply accounting theory to financial accounting problems and to financial statements.
To engage in oral and written commumnication, 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.
Describe and explain the institutional structure of financial accounting.
Describe and explain the conceptual framework of financial reporting.
Describe and explain the complexities of revenue recognition.
Demonstrate accounting for leases.
Demonstrate accounting for income tax allocation.
Demonstrate accounting for pensions.
Demonstrate accounting for changes and error correction.
Prepare a statement of cash flows.
Pensions, post retirement benefits
Statement of cash flows
Recommended maximum class size for this course: 15
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.