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 the ability to perform proper transactional journal entries, adjusting entries and closing entries in accordance with generally accepted accounting principles (GAAP).
Prepare financial statements using appropriate formats, methods, classifications, and in accordance with GAAP.
Calculate and record the appropriate valuation of cash, receivables and payables; including the resultant impact on revenue and expense accounts.
Calculate and record the value of inventory under the different methods and systems and determine the resultant impact on the various financial statements.