Intermediate Accounting I

Catalog description

The course is the first of three intermediate accounting courses. Focus is on financial accounting theory, concepts, principles and procedures relating to the measurement and reporting of cash, receivables, inventories, and property, plant, and equipment and intangibles. Review and deep understanding of the full accounting cycle including journal entries, adjusting and closing entries, trial balance, and preparation and understanding of the balance sheet, income statement, statement of comprehensive income, and statement of cash flows. P: ACCTG 201 with at least a "BC" grade and an overall minimum GPA of 2.5 Fall and Spring.