This class was tough.
I would recommend this course to anyone wanting to achieve a degree in accounting. First, the professor of this course is amazing in explaining the importance of Financial Reporting both ethically and practically. Second, this course allows for any accounting major or minor to grasp a better understanding in reporting according to GAAP. Extremely crucial and interesting class!!
I honestly gained more knowledge about accounting from this one course as compared to my two entry level accounting courses (ACC101 and 102). My biggest highlight of the course was the case study that made every student use three depreciation methods and then write a report using GAAP on the acceptable practices of depreciation in financial reporting. This case allowed me to not only practice depreciation methods, but allowed me to explore the Codification first hand to understanding how it is used. Super enlightening project!! I learned so much in course from reviewing the basics of Accounting to GAAP to the various methods used in reporting. I highly recommend to anyone taking this course to read the text, do the homework problems, and constantly review. Do not take this course lightly because this class will lay the foundation for future accounting courses.
Hours per week:
Advice for students:
As I stated earlier, do not skip any of the readings or homework problems assigned!! Along with staying prepared on the current work, do not forget to review what you previously learned in early classes. Accounting is a subject that consistently builds upon itself and utilizes everything you learned. The class is also somewhat subjective because people use different means on certain economical events, so do not be discouraged if something does not make sense at first. Reviewing throughout the course and asking for help from the professor, fellow students or tutors will allow you to gain a better understanding of the material. I wish the best for anyone taking this course!!