Intermediate Accounting I

Catalog description

Development of accounting standards, conceptual framework of financial accounting. Review of the accounting cycle, preparation of income statement, statement of owner’s equity, balance sheet, statement of cash flows and additional reporting issues. Time value of money, current asset and current liability accounting and reporting. It is strongly recommended that you complete ACC 1510 prior to registering for ACC 2101. However ACC 1510 may be taken concurrently.