Financial Reporting I

Catalog description

Accounting theory and practice for reporting consolidations, foreign currency transactions, and preparing financial statements for governmental and NGOs. ACCT 572 Financial Reporting I (3) This course covers accounting theories and procedures as they pertain (a) to the preparation of financial statements for consolidated entities, (b) to the use of foreign currency and (c) to the financial reporting of activities of governmental and of not-for-profit entities. Contemporary reporting issues are reviewed and explored. This course may utilize textbooks, lectures and/or cases. It is guided by financial reports. It explores the means of preparing certain financial statements and the ways of interpreting them. This course is recommended for students who did not take Advanced Accounting and/or Governmental Accounting at the undergraduate level.