ACC 516 Financial Accounting and Reporting
This course provides a foundational introduction to financial accounting principles and reporting standards and techniques used in recording, summarizing, and interpreting financial data. The course emphasizes the preparation and analysis of financial statements in accordance with generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). Topics covered include the accounting cycle, revenue recognition, asset and liability measurement, equity transactions, and financial statement presentation. Practical applications and case studies will be utilized to enhance understanding of accounting practices in real-world scenarios.