Syllabus ACCT610

Syllabus ACCT610 - Page 1 of 18 Syllabus for...

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Syllabus for 1106ACCT6109041 Faculty Contact Information Course Introduction Faculty Contact Information Course Introduction This 3-credit 12-week course begins on May 31, 2011 and ends August 20, 2011, with the last day to withdraw from the course without penalty is August 6, 2011. This course builds on students’ prior study in fundamentals of intermediate accounting. It provides a refresher for intermediate concepts, introduces new and emerging concepts, and looks at these topics in more detail. The instructor will expect you to draw on your 15 credits of prior accounting study. The course begins by examining how financial accounting gathers and processes data into information that is communicated and used by stakeholders for external decision-making. The course reviews in more depth issues related to the balance sheet, income statement, and statement of cash flows. The course further covers recording, valuation, and presentation of investments, leases, pensions, corporate income taxes, paid-in capital and retained earnings. Course Description Prerequisite: 15 credits of undergraduate accounting. A study of accounting theory in a strategic framework. An overview of relevant theory provides a foundation for further study. Focus is on developing skills in critical thinking and applying accounting concepts and principles. Topics include the preparation and interpretation of corporate financial statements in accordance with generally accepted accounting practices (GAAP); accounting standards and the standard setting process; the use of Page 1 of 18 5/24/2011 http://tychong.umuc.edu/wws/showSyllabus.jsp?sectionTitle=all
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electronic technology in financial accounting; effective communication; professional ethics; and current issues, debates and research in accounting. Course Goals/Objectives At the conclusion of this course, you should be able to: 1. Critically compare the impact of alternative accounting policies on corporate financial statements. 2. Identify when accounting policies are inappropriate and recommend and justify appropriate accounting policies. 3. Evaluate the impact of electronic technology on accounting and corporate financial statements. 4. Effectively communicate solutions to practical accounting problems. 5. Identify professional ethical problems and choose and justify ethical solutions. 6. Exercise professional judgment in evaluating the measurement of income and the valuation of assets, liabilities, and equities. 7. Describe the conceptual framework of accounting and the theoretical justification for GAAP. 8. Articulate issues currently debated in modern accounting research and demonstrate the ability to critique relevant research-based on professional accounting literature. 9. Identify both problem areas in accounting and sources of information for resolving accounting problems.
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This note was uploaded on 08/20/2011 for the course ACCT 610 taught by Professor Johnson during the Spring '09 term at Maryland.

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Syllabus ACCT610 - Page 1 of 18 Syllabus for...

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