ACCT 570 - Intermediate Accounting

This course extends many of the concepts introduced in Accounting. The goal is to enable you to become more knowledgeable, skeptical consumers of financial information by teaching you to (1) understand and be able to reconstruct the accounting that produced the numbers you see in financial statements and the financial press, and (2) anticipate circumstances where financial information is likely to be biased or imprecise, in part by understanding the alternatives that were available at the time that a choice among accounting treatments was made. It gives students the opportunity to understand how management decisions can influence reported income, asset, and liability values, and offers students the tools necessary to analyze the impact of alternative reporting decisions on financial statements.

(Cr: 3