Accounting theory (ACCT 474) is an Accounting Program requirement. It is provided as a core course on year three level five with three credit hours (3-0-3). It is designed as a fundamental of the development of Accounting. It introduces students to the conceptual framework and theoretical and philosophical bases of financial accounting and auditing. The course begins by examining the nature of theories and alternative forms of logic. The conceptual framework and key contemporary and historical accounting issues are examined. This course highlights the role of theory in understanding current accounting standards, accounting practice, and the use of accounting information by the stakeholders