Accounting Theory I

Undergraduate

This is the second of three courses of intermediate accounting theory that provides an in-depth examination of the determination, measurement, classification and reporting of liabilities and owners’ equity. Emphasis is given to the accounting use of the actuarial techniques in the accounting for bonds, pensions, and leases. Where applicable, the interpretation of accounting theory and concepts is presented for transaction analysis, measurement, and classification. The conceptual framework of accounting is stressed. (Prerequisite: ACCT-2510.