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Courses may be offered in one of the following modalities:
- Traditional in-person courses (0–29 percent of coursework is delivered online, the majority being offered in person.)
- Hybrid/blended courses (30–79 percent of coursework is delivered online.)
- Online courses (100 percent of coursework is delivered online, either synchronously on a designated day and time or asynchronously as a deadline-driven course.)
- Hyflex (Students will be assigned to attend in-person or live streamed sessions as a reduced-size cohort on a rotating basis; live sessions are also recorded, offering students the option to participate synchronously or view asynchronously as needed.)
If you are enrolled in courses delivered in traditional or hybrid modalities, you will be expected to attend face-to-face instruction as scheduled.
ACC 710: Financial Reporting Practice
3 credits
Students will discuss such topics in accounting as are relevant to their focus on pursuing careers in accounting. Using real-life companies’ financial statements as examples, students will learn how to present corporate financial statements in accordance with generally accepted accounting principles in the U.S.
Learning Goals
At the end of this course, students will:1. Have a strong understanding of the financial reporting environment including the role of the different authoritative bodies in the regulation of financial reporting in the U.S.2. Have a firm grasp of the accounting cycle and the information that is recorded and reported for assets, liabilities, equity, revenues, expenses, and cash flows of business enterprises.3. Have an in-depth knowledge of how the information pertaining to various assets and liabilities as well as special items such as fair value, deferred taxes, pensions, and leases is disclosed in the Notes to Financial Statements for business enterprises.4. Have a higher-level understanding of the presentation and disclosure of variable interest entities, related party transactions, commitments and contingencies, off-balance sheet transactions, and subsequent events.
*The learning goals displayed here are those for one section of this
course as offered in a recent semester, and are provided for the purpose of
information only. The exact learning goals for each course section in a
specific semester will be stated on the syllabus distributed at the start
of the semester, and may differ in wording and emphasis from those shown
here.