Rockwell School of Business
Undergraduate

Term: Fall 2025
Session: Full Term (Aug 25 - Dec 12)
Start Date: Monday, Aug 25, 2025
End Date: Friday, Dec 12, 2025
Availability: On Campus
Day(s): Mon./Wed./Fri.
Time: 09:00 AM to 09:50 AM

This course is the first in a two-course sequence designed to give students instruction in higher-level accounting theory and its application in practice. This course covers the preparation communication interpretation and analysis of financial data with an emphasis on the information needs of users of financial information prepared under US GAAP. Topics covered in this course include the accounting cycle the balance sheet and income statement cash accounts receivable inventory long term assets depreciation and impairment. The conceptual framework and financial statement presentation and disclosure will be discussed with each topic. The course will present applicable GAAP in these areas detail uses and limitations of the resulting accounting information and highlight issues in financial reporting. Ethical issues will be integrated at appropriate points in the course. Corequisite: ACCT3015