Intermediate Accounting I

Catalog description

(ACCT 3110) A study and application of Generally Accepted Accounting Principles (GAAP) for asset valuation, income measurement, and financial statement presentation for business organizations, and the processes through which these principles evolve. Emphasis is placed on the conceptual framework underlying financial accounting, expanded accounting cycle review, time value of money concepts, and components of financial statements, such as cash and receivables, inventories, property, plant and equipment, intangible assets, financial instruments, and liabilities.