The study of theoretical foundations and structure of accounting as they relate to the presentation of financial statements. Emphasis will be on the framework underlying financial accounting and analysis of current and fixed assets. Every semester. Prerequisites: ACC 2010 and ACC 2020 with a minimum grade of B; and MATH 1830 or MATH 1910 or MATH 1950, MGT 2130 or MATH 2100, ENGL 1020, ECON 1010, and ECON 1020 with minimum grades of C or Department Head approval. Junior standing. Differential course fee will be assessed.