MBA 620 Accounting Theory, 3 credits

This course covers in depth the established conceptual frameworks for financial reporting and the process by which generally accepted accounting principles (GAAP), both in the United States and internationally, become required standards from the investigation of emerging issues to final passage by an authoritative body. Also, GAAP that have been adopted in the two years preceding the date of the course offering and the current status of new GAAP in the process of being investigated by authoritative bodies will be covered.

Prerequisites: ACC 340, ACC 341