Units: 4
Prerequisites: ACCT 201.
Acceptable for Credit: CSU
Lecture 4 hours.
Course Typically Offered: Spring

Students study the conceptual framework of accounting as it relates to the recording, reporting, and disclosing of financial information related to asset valuation and income determination based on generally accepted accounting principles. The course emphasizes corporate financial statements and the accounting procedures used for measuring, recording, and reporting assets. It also covers recent developments in accounting standards and practice. Topics include the acquisition, valuation, and disposition of assets as well as income determination. This course is intended for students majoring in the field of accounting and those seeking additional education in preparation for the Certified Public Accounting (CPA) exam.