Examines current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements. Topics include statement presentation, required disclosures, in-depth study of current assets, time value of money, inventories, revenue recognition, and the statement of cash flow.

Prerequisite(s): ACCTG 1A and MATH 20. Knowledge of spreadsheets is recommended. Cross-listed with and equivalent to the following course. (Note: no academic credit is awarded for retaking equivalent course.): ACCTG 200A.