This course continues from the ACC 450 coverage of the financial reporting requirements as presented in generally accepted accounting principles. The topics will include liabilities, share capital transactions, earnings per share calculations, adjustments, correction of errors, income taxes, leases, pensions and financial statement analysis. Students should expect to use and expand on the application of generally accepted accounting principles and concepts covered in ACC 450 and introductory financial and management accounting courses. This course extensively use cases based on mimic or real business scenarios. Students should be prepared to work independently outside the class sessions to be successful in the course.