Advanced Research for Financial Reporting – ACCT 635

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course explores current issues within the field of financial reporting by examining recent pronouncements from the Financial Accounting Standards Board (FASB), and how those pronouncements will affect financial reporting.

Prerequisites 

ACCT 531 and ACCT 511 and (BMAL 590 or Meets BMAL590 / 27 hrs in BUSI with a score of 3)

Rationale

The accounting issues associated with U.S. financial reporting are continually changing and complex. Students need to be able to research and communicate authority for current issues to users of financial information to help with decision-making.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Evaluate the issues related to the regulation of external financial reporting.
  2. Research different theories of accounting.
  3. Analyze the impact recently issued accounting standards have on an organization’s financial reporting practices.
  4. Evaluate controversial accounting issues, alternatives, and solutions in light of a biblical worldview.

Course Assignment

Textbook readings, PowerPoint, and FASB pronouncements

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (6)

Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided prompt for each forum. Each thread must be at least 400 words and demonstrate course-related knowledge. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be at least 250 words.

Individual Research Project Paper

The student will write a 12–15-page research-based paper in current APA format examining the impact of new U.S accountant standards on a recent 10K of a U.S. publicly traded company that uses U.S. GAAP for financial reporting.

The paper must include at least 5 references in addition to the course textbook and the Bible.

Individual Research Project Presentation

Each student will create a PowerPoint presentation with voiceover as the final part of the individual learning project. The voiceover will be the narrative you would present to your instructor and peers.