ACCT 51650 - Applied Professional Accounting Research

Credit Hours: 3

The primary objective of financial reporting is to provide useful information for decision making. To serve this objective, various standards and rules have been adopted to govern financial reporting, auditing, and tax reporting. Accounting, auditing, and tax rules are complex and change rapidly over time in response to the economic, political, legal, cultural, and social environment. Those standards also provide accountants and business leaders considerable discretion and require effective exercise of professional judgment on many aspects of financial reporting (i.e., accrual estimation, revenue recognition) particularly where there are not rules to follow or the exiting rules conflict. This course introduces students to research methods, research appreciation and evaluation together with practice in conducting and reporting professional research projects in accounting, auditing, and taxation.