ACCTG 416 - Accounting Theory and Current Issues

★ 3 (fi 6)(EITHER, 3-0-0)

Faculty of Business

Major concepts and current issues in accounting thought are examined in an interactive setting. Topics include: the conceptual framework, standard-setting, concepts of income and value, accounting's role in capital markets and in contracts such as for lending and compensation, and recent and emerging issues related to financial and managerial accounting information. Prerequisites: ACCTG 414 or 412; FIN 301. Open only to fourth-year Business students, or by consent of the Department Chair. There is a consolidated exam for ACCTG 416.