ACCT 3010 Intermediate Accounting I

An advanced course based on financial accounting standards for public companies following Generally Accepted Accounting Principles. Topics include the conceptual framework for accounting standards, a review of financial accounting concepts covered in prior courses, preparation and brief analysis of financial statement data, and a focus on various current assets and current liabilities.   

Registration Name

Intermediate Accounting I

Lecture Hours

3

Lab Hours

0

Credits

3

Prerequisite

ACCT 2020

Offered

Demorest: Fall

Student Learning Outcomes

At the completion of this course students will be able to:

• Understand the need for and governance over financial accounting standards for public companies.
• Account for basic business transactions throughout the accounting cycle.
• Explain the concepts behind the preparation of the balance sheet, statement of equity, income statement, and statement of class flows.
• Prepare the four basic financial statements in accordance with generally accepted accounting principles.
• Record transactions based on activities involving various current assets.
• Record transactions based on activities involving various current liabilities.