3 unit(s) Examines current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements. Topics include statement presentation, required disclosures, in-depth study of current assets, the time value of money, inventories and revenue recognition. Prerequisite(s): ACCTG 1A and MATH 20. Knowledge of spreadsheets is recommended. Cross-listed with and equivalent to: ACCTG 100A.