Intro to Financial Accounting Theory

Undergraduate

This is the first of 3 courses of intermediate accounting that presents the current developments in the theory of generally accepted accounting principles and CICA (Canadian Institute of Chartered Accountants) standards are introduced. An in-depth, theoretical examination of the determination, measurement, classification, and reporting of assets is presented. The conceptual framework of accounting is stressed. (Prerequisites: ACCT-1510. Business students must also have completed MGMT- 1000).