Accounting Measurement and Disclosure I

Description

Fair and transparent information about business enterprises is essential to the effective functioning of capital markets and the fairness of resource distribution across society. Accounting Measurement & Disclosure I provides an in-depth examination of how accounting provides decision-useful information to improve business decisions and cultivate a prosperous society. The primary goals are to understand the role financial accounting plays in providing useful information about the underlying economics of business transactions, to understand the principles that shape financial reporting and disclosure practices, and to evaluate the motivations that lead managers to select one accounting principle over another. The course illustrates these issues through coverage of the economics and accounting related to revenue recognition, cash flows, receivables, inventory, long-lived assets, liabilities, and other financial statement elements. Further, the course develops accounting research skills through written case assignments that require students to analyze and apply the Accounting Standards Codification to complex accounting issues. Course cannot be taken Pass/Fail. Students cannot enroll who have a major in Accountancy. Enrollment limited to students in the Mendoza College of Business college.