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    Central Washington University
   
 
  Dec 18, 2017
 
 
    
2017-2018 Undergraduate Catalog
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ACCT 350 - Intermediate Accounting I


Description:
An in-depth study of financial accounting theory and practice. The first of a three-course intermediate sequence, this course is intended for the student who requires more than principles level accounting coverage.

Prerequisites:
Prerequisite: a grade of C or higher in ACCT 251 and ACCT 252, and a pre-major or major or minor or certificate student in a College of Business program; or admission to the MPA program.

Credits: (5)

Learner Outcomes:
  • Demonstrate intermediate-level competency in practicing all phases of the accounting cycle.
  • Demonstrate intermediate-level competency in the accounting for specific topics designated for this first of a three-course intermediate sequence. These topics are:
    • The demand for and supply of financial accounting information
    • Financial reporting: its conceptual framework;
    • Review of a company’s accounting system;
    • The balance sheet and statement of shareholders’ equity
    • The income statement and the statement of cash-flows;
    • Time value of money;
    • Cash and receivables;
    • Inventories: cost, measurement and cost flow assumptions;
    • Inventories: special valuation issues.
  • Identify ethical dilemmas that likely will confront the accounting professional.
  • With reference to the topics listed in outcome two above, demonstrate intermediate-level competency in the application of U.S. accounting standards and the integration of international accounting standards.
     
Approval Date:
1/22/15



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