Learning Outcomes

Upon successful completion, the student will be able to:

• Outline the historical evolution of accounting, including identifying major events and their impacts over time, and follow the development of accounting standards to the current time
• Assess the standard creation and modification process for International Accounting and Canadian Standards for Private Enterprises
• Apply various models for financial accounting and reporting
• Apply different theories introduced during the course to practical situations and actual events
• Discuss alternative financial reporting options
• Develop recommendations for adoption of financial reporting policies including information disclosure alternatives
• Interpret and analyze conflicts between managers and investors
• Analyze the incentive relationship between Executive Compensation and Earnings Management
• Discuss the role of accounting in society and area of corporate social responsibility
• Evaluate the goals of sustainability accounting and the alternatives to achieve these goals
• Outline the purpose of the global reporting initiative and alternatives
• Outline the information distribution system for public companies
• Apply CPA Handbook pronouncements to business situations and recommend accounting policies and procedures

Effective as of Fall 2016