Intermediate Accounting I

Catalog description

Detailed coverage of the accounting environment and the conceptual framework, the income statement and comprehensive income, the balance sheet and financial reporting, the statement of cash flows and financial analysis, revenue and expense recognition, and asset accounts on the balance sheet. Detailed coverage of the asset accounts on the balance sheet includes (a) cash, cash equivalents, and receivables, (b) inventory, (c) acquiring and disposing of property, plant, and equipment, (d) depreciation, impairments, and depletion, and (e) intangible assets, goodwill, and impairments. Emphasizes problem-solving as well as conceptual understanding. Components: Class Prereqs/Coreqs: P: Grade of "C-" or better in ACCTING 2010 and grade of "C-" or better in ACCTING 2020 Typically Offered: Fall