Intermediate Accounting I

Catalog description

This course provides an in-depth analysis of the theory, concepts, and procedures underlying the preparation of external financial accounting statements and reports for corporate organizations. Accounting principles and concepts are analyzed and developed from a theoretical, conceptual, and historical environment and are then applied to specific business, transaction, and decision situations. Topical coverage includes: review of the financial accounting process; statements of income, retained earnings, cash flows, and balance sheet; time value of money concepts; cash and receivables; valuation of inventories; acquisition and disposition of property, plant, and equipment: depreciation and depletion; and intangible assets. Prerequisite: ACC 102 Semester Hour(s): 4 hour(s) Lecture / Lab Hours: 4 lec/week