ACCT 123 - Financial Accounting Theory and Practice I

Semester Hours: 3

This is the study of accounting theory and procedures and the special problems that arise in the application of underlying accounting concepts to financial accounting. There will be a focus on the application of accounting information as a basis for decisions by management, stockholders, creditors, and other users of financial statements and accounting reports. Conflicts and shortcomings that exist within the traditional structure of accounting theory, including ethical aspects, are discussed in conjunction with opinions of the Accounting Principles Board, and statements of the Financial Accounting Standards Board. International accounting differences are also considered.

Prerequisite(s)/Course Notes:
FIN 101 or permission of the department chairperson; prerequisites: ACCT 2 or 20 or 102, junior class standing or above – students with fewer than 58 s.h. on record may not register for this course; no exceptions permitted.

Summer 2010 Offering:
SSI
60145: M-R, 11 a.m.-1:10 p.m.; Slavin; 308 C.V. Starr
60849: Tinkelman; TBA; Hofstra Accounting in Rome

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Summer Session I 2026

Summer Session II 2026

Summer Session III 2026

Fall 2026

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ACCT 123 - Financial Accounting Theory and Practice I