This course will address current controversies in Accounting, Auditing and Tax accounting. It will focus on issues of current interest to the profession and/or accounting research. This course will generally be available to year four Accounting and Financial Control students only. If the topic permits, the instructor may open the course to your three Accounting and Financial Control students also.

CILO-1: Recognize and understand the complexities of alternative accounting theories. CILO-2: Conduct critical accounting research, using quality resources. CILO-3: Describe the development of accounting and financial reporting throughout history. CILO-4: Evaluate the current accounting and financial reporting environment, particularly with respect to economic and political issues, the impact of the global economy, and the regulatory environment. CILO-5: Explain and evaluate the decision usefulness and limitations of accounting information, including the implications of other fields of study such as finance and economics. CILO-6: Assess the characteristics and limitations of alternative accounting models and approaches. CILO-7: Analyze and critically discuss contemporary issues in accounting. CILO-8: Analyze and evaluate generally accepted accounting principles and their application on financial reporting in context of current issues and cases.