Analyze and compare international accounting standards to GAAP standards in the United States.
This course compares global accounting standards of the International Financial Reporting Standards to Generally Accepted Accounting Principles standards in the United States. Topics include statements of operations, financial position, stockholders’ equity, and cash flow, as well as research and development, inventories, pensions, stock options, intangibles, leases, and taxes. Students learn though an in-depth analysis of contemporary financial reporting requirements promulgated by the national and international accounting standards boards. Prerequisite: Acceptance into the program