Intermediate Accounting I ((4 Credits))

Catalog description

The course examines accounting theory and generally accepted accounting principles, concepts and measurement of financial accounting principles in various types of businesses including corporate settings. Among topics covered are revenue and expense recognition, income statement and balance sheet analyses, stockholders' equity and time value analysis of cash inflows and outflows. The course also covers cash management; receivables; inventories; investment measurement, long-term assets management including depreciation methods, intangible assets, and current and long-term liabilities. Notes: Students should have completed the Financial and Managerial courses within the past three years. Students who have completed only Accounting for Decision Makers ( ACCT 1005 ) may not take this course. The course satisfies quantitative aspects of business and covers in its components professional ethics and social responsibility skills in business. This course was previously BME-213014 Intermediate Accounting 1. Prerequisites: ACCT 2005 and ACCT 2010 , or equivalents and knowledge of spreadsheet software.