Professional Accounting Module

The courses in the Professional Accounting Module are core courses and must be taken by all students without exception.

Professional Accounting I & II (6 credits) fall term
Expands and integrates knowledge of US and international generally accepted accounting principles (GAAP) in a rigorous study of the design, selection, and consequences of various models of financial reporting. Students will study and debate issues currently under discussion at the FASB and IASB, research and negotiate accounting treatments for complex facts and circumstances with ambiguous accounting guidance, and build on the Financial Markets Module to develop an in-depth understanding of derivative accounting, off-balance sheet accounting, and fair value accounting.

Professional Accounting III (3 credits) spring term
Enhances students' understanding of financial statements and equips them with the ability to perform financial statement analyses in a variety of contexts. Students will analyze financial statements from the perspectives of investors, creditors, research analysts, and auditors. Selected accounting issues that are particularly important to the interpretation of financial statements will be studied in depth. Assignments include group projects in which students work collaboratively to prepare class presentations.