Prerequisite: ACC 206
This course provides an in-depth study of accounting theory and areview of the accounting cycle. It concentrates on the conceptualframework underlying financial accounting, the preparation offinancial statements, the time value of money, and the valuation ofcash, temporary investments, and receivables. The course refers topronouncements of the Financial Accounting Standards (FASB) andthe American Institute of Certified Public Accountants (AICPA).