Description
Prerequisite: ACC 1010 with grade of C- or better; MA 1025.
Intermediate Accounting I is a detailed study of financial reporting concepts focusing on financial statements and related disclosures. Asset valuation and income measurement are studied extensively, concentrating on revenue, cash, receivables, inventories; property, plant and equipment; depreciation, depletion and intangibles. Additional topics include a review of accounting systems and financial statement reporting requirements. Credit(s): 3