ACCT200 Intermediate Accounting I

Department of Business Studies: Accounting

I. Course Number and Title
ACCT200 Intermediate Accounting I
II. Number of Credits
3 credits
III. Number of Instructional Minutes
IV. Prerequisites
ACCT106 (C or better) or permission of the Department of Business Studies
V. Other Pertinent Information
VI. Catalog Course Description
This course provides an intensive study of the application of generally accepted accounting principles and financial pronouncements for financial reporting and disclosure of current and noncurrent assets.
VII. Required Course Content and Direction
  1. Course Learning Goals

    Students will:

    1. apply the revenue recognition principle;
    2. demonstrate an understanding of financial reporting and disclosure of an entity’s assets; and
    3. apply financial accounting standards to an entity’s assets.
  2. Planned Sequence of Topics and/or Learning Activities

    1. accounting and the time value of money
    2. cash and receivables
    3. investments
    4. valuation of inventories: a cost basis approach
    5. inventories: additional valuation issues
    6. revenue recognition
    7. acquisition and disposition of property, plant, and equipment
    8. depreciation, impairments, and depletion
    9. intangible assets
  3. Assessment Methods for Course Learning Goals

    The assessment of course learning goals will be based on exams, a comprehensive final exam, and/or instructor evaluation.
  4. Reference, Resource, or Learning Materials to be used by Student:

    See course syllabus for required textbook and any related materials.

Review/Approval Date - 5/99; Revised 3/05; Revised 12/2011; New Core 8/2015