ACC 201 - Intermediate Accounting 1
3 Lecture Hours
Prerequisites: ACC 203
A study of GAAP (Generally Accepted Accounting Principles) as related to financial statements. The course deals with current assets, liabilities, plant assets, and intangibles.
Upon successful completion of the course, the student will:
- Prepare financial statements in accordance with generally accepted accounting principles.
- Analyze the effects of complex business transactions on the elements of the financial statements, primarily involving assets and the related expenses and revenues.
- Apply accounting principles, concepts, theory and assumptions to measure, record and disclose financial data in accordance with generally accepted accounting principles.
- Analyze the information presented on financial statements.
- Review of the accounting process
- Financial accounting environment
- Conceptual framework of accounting
- Financial statements
- Plant and equipment
- Depreciation, depletion and impairments
- Intangible assets
- Present value and the time value of money
Supplementary materials such as working papers, study guides, videos, handouts, library resources.
Approved By: Sutin, Stewart Date Approved: 01/13/2005
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