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"Degrees & Programs"

ACC/545

Financial Reporting

Online

Format

$2094

Estimated Tuition

credits

Total credits

weeks

Course length

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Please Note: Attendance and participation are mandatory in all University courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.

University of Phoenix reserves the right to modify courses. While widely available, not all programs are available to residents of all states. Please check with a University Enrollment Representative.

Course level: Graduate

This course prepares students to address concepts of financial reporting for roles as CPAs. Students learn important criteria for calculating capital changes, applying concepts of fixed assets and cost determination, and preparing consolidated financial statements. Other topics include the professional responsibilities of CPAs, deferred taxes, restructuring of troubled debt, and the intricacies of comprehensive income.

Prerequisites

What you'll learn

Course skills and outcomes

Reporting Overview

  • Describe the financial reporting role and responsibilities of the CPA, including recognition, measurement, and disclosure.

Net and Comprehensive Income

  • Explain criteria for calculating capital changes.
  • Prepare consolidated financial statements.

Assets

  • Use short-term and long-term assets and cost determination to the preparation of financial statements.
  • Explore financial reporting for leases.

Liabilities and Owners' Equity

  • Apply financial instruments as liabilities.
  • Prepare pensions liabilities and postretirement benefits.
  • Utilize financial reporting of owners' equity for decision-making.

The Importance of Financial Information and Cash Flows

  • Use financial and contracting information to perform valuation and credit risk assessment.
  • Prepare statement of cash flows.

Advanced Financial Reporting

  • Manage inventories.
  • Account for inter-corporate investments.

Why UOPX

Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission (hlcommission.org) for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

How to request your transcripts