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ACCT 381. Intermediate Accounting I

Credits: 3
Department: Accounting
Description: Financial accounting, standard-setting, and the basic financial statements. Current and long-term assets, and current liabilities.
Prerequisites: 3.0 GPA in ACCT 291 or ACCT 292 or dept permission
Semester Offered:
  • Fall
  • Spring
  • Summer
Grading Method: ABCDF

Student Learning Outcomes

1. Examine and describe the objectives of financial reporting, the standard setting process, and the conceptual framework underlying financial accounting.
2. Measure amounts for transactions, record transactions, and describe disclosure under GAAP for the following financial statement topics: a) cash and receivables, b) inventory, c) property, plant, and equipment, d) intangible assets, and e) current liabilities.
3. Write research papers on accounting issues using the Financial Accounting Standards Board (FASB) Codification.
4. Complete a spreadsheet project.

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