Prerequisite: ACC 557
This course covers advanced topics in financial accounting forstudents pursuing a career in public accounting. Concepts coveredinclude complex accounting functions affecting businesses. Studentsanalyze financial accounting and financial reporting information andmake recommendations both orally and in writing. Topics coveredinclude concepts and standards; financial statements; incomestatement items; financial statement disclosure; cash and inventories;receivables; inventories; property, plant, and equipment; intangiblesand other assets; payables and taxes; employee benefits; long-termliabilities; leases and contingencies; equity; business combinations;foreign currency issues and other topics; governmental concepts;fund accounting and reporting; and not-for-profit concepts,accounting, and reporting.