Intermediate Accounting I

Catalog description

The first course in the financial accounting course sequence is designed for students considering an accounting major or minor. This course involves the intensive study of both theory and practice, as they relate to the preparation and analysis of the balance sheet, income statement, retained earnings statement, and statement of cash flows. Additional specific topics include receivables, inventory, and fixed assets. Prerequisite: grade of "C" or better in ACC 221 and accountancy major/minor; or grade of "C" or better in ACC 221 , ACC 222 , BLAW 205 , ECO 110 , ECO 120 , ENG 110 , MTH 160 or MTH 175 or MTH 207 , STAT 145 or STAT 245 , and 54 credits earned. Offered Fall, Spring.