ACCT301

ACCT

301

Intermediate Accounting I

This course provides an introduction to the conceptual framework of financial accounting and in-depth coverage of reporting issues related to operating activities of business enterprises. Covers the preparation, presentation, and interpretation of the financial statements, with emphasis on revenue recognition, cash, receivables, inventory, and long-term assets. Students also gain an understanding of the standard setting process and the codification system of the Financial Accounting Standard Board (FASB). Prerequisite: ACCT-200. 4SH.

Standard (STAND)