ACCT 34110 - Accounting Measurement and Disclosure I

Institution:

University of Notre Dame

Subject:

Accountancy

Description:

Course Objectives: 1. To understand the role financial reporting plays in providing decision useful information for internal managers and external decision makers. 2. To understand the economics underlying the business transactions studied (Acct 34110 focuses on transactions involving revenue and expense recognition and valuation of assets, liabilities and stockholders' equity). 3. To learn Generally Accepted Accounting Principles (GAAP) that set the reporting and disclosure requirements for these transactions. 4. To evaluate the efficacy of GAAP (i.e., do the principles capture the economics of the transaction and if not, why). 5. To gain an appreciation of the motivations that lead managers to select one accounting principle over another. 6. To gain an understanding of how external decision makers use financial statement data to make investment and credit decisions.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.nd.edu

Phone Number:

(574) 631-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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