Focuses on the use of U.S. and international accounting information by decision-makers external to the firm. Considers judgments made by investors, security analysts, bank lending officers, and auditors. Emphasizes equity valuation and risk analysis. Restricted to Accounting, Finance or Accounting Concurrent Degree majors only with 52-180 units completed. Prereq., ACCT 3220. Prerequisites: Restricted to Accounting, Finance or Accounting Concurrent Degree majors only with 52-180 units completed.