This course is the second of a two-course financial accounting series, providing an in-depth study of the accounting cycle, conceptual framework of financial accounting, valuation of balance sheet accounts, recognition of revenues, matching of expenses, and the reporting of the financial condition, operating results, and cash flows of an entity. ACC 612 is the final section of the Financial Reporting material. The course primarily focuses on the liability and stockholders' equity sections of the balance sheet. We will also be studying revenue recognition and the statement of cash flows.