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
Course Learning Goals
- apply the revenue recognition principle;
- demonstrate an understanding of financial reporting and disclosure of an entity’s assets; and
- apply financial accounting standards to an entity’s assets.
Planned Sequence of Topics and/or Learning Activities
- accounting and the time value of money
- cash and receivables
- valuation of inventories: a cost basis approach
- inventories: additional valuation issues
- revenue recognition
- acquisition and disposition of property, plant, and equipment
- depreciation, impairments, and depletion
- intangible assets
Assessment Methods for Course Learning GoalsThe assessment of course learning goals will be based on exams, a comprehensive final exam, and/or instructor evaluation.
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