7483. Financial Accounting and Reporting

Accounting is an information system. This course is designed to introduce students to accounting concepts essential to the preparation and interpretation of financial statements issued to management and to external users such as stockholders and creditors. While appropriate consideration is given to procedural aspects of accounting, more emphasis is placed on understanding the conceptual bases of generally accepted accounting principles and the effects of using alternative accounting methods on financial statements. Open to JD-MBA students and to others by permission of the instructor.. This course is not open to students who have taken: UCONN ACCT 5181, UCONN ACCT 5182, or UCONN ACCT 5121, or LAW 7486 or LAW 7487.