Prerequisite: FIN 212a or an approved an introductory course in the area of financial accounting.
Students should be familiar with the formal financial statements, transaction analysis, income measurement and accural accounting. This course provides an extensive expansion of the introductory accounting course. Additional topics include revenue recognition, long term construction contracts, deferred taxes, capital leases, pensions, inventory valuation, dollar value LIFO, earnings per share and share based compensation. Usually offered every year.