This is an intensive course in accounting theory and practical application of that theory. The course includes theoretical framework, revenue recognition, and disclosures of accounting information. In addition the use of applied data analysis in the practice of accounting is included. Relevant differences and similarities of GAAP and IFRS are introduced.
The accounting student who seeks professional success in his or her career needs to understand both theory and practice in order to meet the challenges that await him or her in the future. Knowing alternatives to current practice can enhance the student’s understanding of accounting practices that may evolve in the future.
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.
For this collaborative discussion , the instructor will place the student into a group at the beginning of the course. The student will create a thread in response to the provided prompt for each discussion. Each thread must be at least 500 words and demonstrate course-related knowledge. The student must support his or her assertions with at least 2 citations other than the textbooks; the Bible may be 1 of those sources. In addition to the thread, the student will reply to the thread of at least 1 classmate. The reply must be at least 250 words. Citations for the replies are not required, but are encouraged.
In every Module: Week, the student will be assigned homework exercises, problems, and LearnSmart activities to be completed in the Connect learning environment. Time spent on each homework assignment will vary by the module as well as by the level of comprehension and mastery of the subject matter.
The student will choose any concept discussed in Chapters 1-11 for their Research Paper topic. The student will write an 8–10-page Research Paper (not including title and reference pages) following current APA format and using at least 5 different scholarly sources.
There will be 4 Connect Quizzes throughout the course. Each quiz will be open-book/open-notes, will cover material from the textbook and homework questions, and will be comprised of 30 questions. The student will have 2 hours to complete each quiz, and each quiz can be taken only once.