ACCT 540 - Financial Accounting Theory

Credits: 4

This course studies the interaction between accounting information and the capital market, covering the following topics in accounting theory: the effects of accounting information on decisions and behavior of investors and managers; the role of accounting and auditing in the financial markets (including standard-setting, international harmonization, corporate governance, and regulation and enforcement); accounting ethics and professional responsibility; and financial accounting theory issues such as measurement and disclosure. The course emphasizes the development of oral and written communication skills; the ability to locate and use financial accounting standards; and an understanding of the results and implications of accounting research. Traditionally and spring semesters.