Walsh

ACC 503 FINANCIAL ACCOUNTING CONCEPTS

In the third Intermediate Financial Accounting course, critical analysis of the statement of cash flows is expected, resulting in the understanding of the inter-relationships among the income statement, balance sheet, and statement of stockholders' equity. Prospective and retroactive accounting errors combine with prior period adjustments to complete the coverage of financial statement disclosures. Additional topics include subsequent events, operating segments, interim financial statements, and related party transactions.

Credits

3

Prerequisite

MAC: ACC 501. BAC: ACC 301

Distribution

ACCOUNTING