AC 530 CPA Review - Financial Accounting & Reporting (FAR) *

This course provides a review of technical accounting materials and helps students explore the opportunities and challenges of being a CPA. Technical coverage of topics historically addressed in the "Financial Accounting & Reporting" section of the Uniform Certified Public Accounting (CPA) examination is addressed using Becker materials. Students gain knowledge and understanding of Generally Accepted Accounting Principles (GAAP) in relation to business entities, government entities, and not-for-profit organizations and apply knowledge using analytical skills and evaluation techniques. Professional development is encouraged through student interaction. 

Credits

3

Prerequisite

Students must have completed a major in accounting at the undergraduate or graduate level before registering for this course. A major in accounting consists of courses in the intermediate accounting series, audit, business law, tax, and management accounting. Courses must be, at a minimum, at the 300 level or higher if undergraduate courses or MBA courses. Courses should begin with the letters "AC" or "ACC" and be intended for accounting majors.

Outcomes

1. This course will prepare students to:
2. 1. Apply accounting-related standards and principles to solve business problems.
3. 2. Apply theoretical accounting concepts to financial statement construction.
4. 3. Design and construct Generally Accepted Accounting Principles (GAAP) financial statements.
5. 4. Recognize and apply appropriate disclosure techniques.
6. 5. Select the appropriate accounting principles, which relate to specific accounting practices