ACCT 210 - Intermediate Accounting I

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): Grade of C or better in ACCT 125

Restriction(s): None

Corequisite(s): None

This course is designed for students who wish to pursue accounting beyond the introductory level. After a review of basic accounting procedures, we shall focus on intermediate accounting theory including measuring and reporting accounting income, analysis of working capital, receivables, inventory cost and valuation procedures, current liabilities and investments.

Student Learning Outcomes of the Course:

Demonstrate mastery of Generally Accepted Accounting Principles (GAAP) as well as other concepts, conventions, practices and procedures used in financial accounting.
Apply GAAP and other conventions and procedures correctly to simple and complex business transactions.
Students will demonstrate the ability to perform proper transactional journal entries, adjusting entries & closing entries.
Students will demonstrate the ability to prepare classified balance sheets, complex multi-step income statements and cash flow statements.
Students will demonstrate the proper calculations of inventory using various methods, the calculation of net revenue, adjusted expenses and net income.