Jul 23, 2024  
2023-2024 Cal State East Bay Catalog 
2023-2024 Cal State East Bay Catalog [ARCHIVED CATALOG]

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ACCT 612 - Financial Reporting and IFRS II

Units: 3
Second course in a two-course sequence on Financial Reporting.  Topics include U.S. GAAP and IFRS on current and non-current liabilities, investments, leases, income taxes, pensions, stockholders’ equity, earning per share, accounting changes, and statement of cash flows.

Prerequisites: ACCT 210 with grade B- or better.
Possible Instructional Methods: On-ground, or Hybrid or Online-Asynchronous.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

  1. Contrast and compare key similarities and differences between U.S. GAAP and IFRS.
  2. Explain the classification, measurement, and reporting of investments.
  3. Examine and analyze accounting issues related to the measurement and reporting of liabilities including bonds, leases, pensions, and post-retirement benefits, and deferred income taxes.
  4. Demonstrate the accounting valuation and presentation for various items affecting stockholders’ equity including issuance, repurchase, and conversion of stocks, payment of dividends, reporting of earnings and other comprehensive income, and granting of employee stock compensation.
  5. Compute basic and diluted earnings per share.
  6. Categorize and compare the reporting for accounting changes.
  7. Construct a statement of cash flows using both direct and indirect methods.

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