Overview
Description
Conceptual framework that underlies generally accepted accounting principles and its application to the basic financial statements and current assets.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall and Spring
Terms
fall, spring
Attributes
Standard
Learning Outcomes
- explain the conceptual framework of U.S. GAAP.
- construct financial statements at the intermediate level.
- properly account for cash, receivables, and inventory under a variety of GAAP-acceptable methods.
- research accounting issues and communicate solutions professionally.
- explain how accounting concepts covered in the course relate to real life business situations.