Course emphasizes the use of accounting information for business and society.
Although the emphasis will be on users of financial information, the preparation of financial statements will be used as a learning tool to enhance understanding. An introduction to the determination, development and uses of internal accounting information needed by business management to satisfy customers while continuously controlling and containing costs. The course is designed to benefit all business students, whether future users or people who prepare accounting information. An in-depth study of business external financial reporting intended for students who desire further knowledge of concepts, principles and practice. Consideration of issues related to measurement and reporting of cash, receivables, inventories, property, plant and equipment, intangibles, investments, revenue and expense recognition and cash flows.