ACTG 615: Seminar in Financial Accounting

Prerequisites: ACTG 313 and ACTG 314

Three hours seminar

Study of the practice of accounting, financial reporting and analysis of financial performance for corporate entities.  Emphasis on research and analysis of advanced financial topics of current interest. 

 Detailed Description of Content of Course

Utilizing a seminar approach, this course will address topics of current interest in the accounting profession.  Many topics are introduced in undergraduate financial accounting courses, therefore, this course will allow for extended coverage of selected topics from both theoretical and applied perspectives.  When applicable, international accounting standards will be examined, as the accounting profession faces the challenge of articulating accounting standards in a global economic environment. 

This course will further develop the skills identified as essential for entering the public accounting profession, mainly communication, research, analysis, judgment and understanding.  A variety of means, from simulations to relational case studies, will be used to develop the students’ knowledge base.  Since the FASB Statements are now available on-line, students can access the official pronouncements, thereby developing their research skills and ability to navigate the pronouncements. 

It is anticipated that this will be a collaborative learning experience, with hands-on internet usage, oral presentations, and joint research on financial topics of current interest and/or of advanced level. 

Detailed Description of Conduct of Course

Utilizing a seminar format, students will present materials through written and oral means.  Utilization of the official pronouncements and other publications of the FASB will allow students access to accounting standards and assist them in developing research skills.  Other published materials, such as journal articles, SEC releases, AICPA committee reports, may be used in this course. 

 Goals and Objectives of the Course

This course will:

·         Cover financial topics, not appropriately covered in undergraduate courses,

·         Provide advanced coverage of some topics introduced at the undergraduate level,

·         Develop research skills,

·         Enhance communication skills. 

Assessment Measures

Students will be evaluated on the quality of oral presentations, written materials and research projects. 

Other Course Information

If needed, a review and/or clarification of the theory or application of standards may be provided if either the students are weak in certain topical areas or the pronouncements have been superseded.