Course Information
Course Code MACC 5P01
Course Title Financial Accounting I
Description The theory and practice of financial statement preparation including the conceptual framework for accounting choices, revenue recognition and the role of financial information in contracting. Emphasis on the measurement, reporting, and disclosure of monetary assets and liabilities. Includes complex issues such as accounting for leases, pensions, future income taxes, intercorporate investments and cash flow reporting.
Restrictions open to IMAcc students.
Notes completion of this course will replace previous assigned grade and credit obtained in ACTG 5P01.