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.

Learner Outcomes Approval Date:
1/22/15