AC 409 - Advanced Accounting

This advanced accounting course explores the complex financial reporting issues companies face under US Generally Accepted Accounting Principles (GAAP). Students will evaluate investment classifications and reporting requirements, analyze lease structures, and examine shareholders’ equity transactions. The course delves into share-based compensation, post-retirement benefits, and accounting for changes and error corrections. Students will work hands-on with artificial intelligence (AI) tools to navigate the intricacies of derivatives valuation, hedging effectiveness testing, and other special transactions, while developing critical skills to validate, interpret, and explain AI-generated insights. Semester Credit Hours: 3.00 Contact Hours: 45/0/0/45 Prerequisite: AC 311 Intermediate Accounting. Corequisite: None.