Contemporary Topics in Accounting

In this course students will be taught the accounting standards-setting process in the United States and the implications of worldwide standard setting by the International Accounting Standards Board. Students will become knowledgeable of all major accounting topics of recent years and will learn to read and understand the actual standards. The course involves ethics discussions, various SEC requirements and requirements arising from the Sarbanes-Oxley law, as well as in-depth discussion of the recent private sector accounting developments. The individual student presentations will help students develop their oral abilities to discuss accounting concepts before an audience, and the term paper will allow students to become experts in any of the topics that were discussed during the semester. It will also help them develop skills in writing about accounting topics.