ACC 205 Intermediate Accounting I
A rigorous study of current accounting theory and practice, this course builds on the fundamental concepts covered in the introductory financial and managerial accounting courses, and develops a more professional level of accounting knowledge and analysis. Coverage includes the conceptual framework of financial accounting, the development of accounting standards, the accounting process, financial statements and the time value of money. Included in this study is an analysis and review of cash and receivables, inventories and cost of goods sold, fixed assets and depreciation, intangibles and amortization, and revenue recognition. The review of each group of accounts includes conceptual considerations, technical accounting procedures, and the necessary and appropriate disclosures within the body of the financial statements and the related accounting schedules and notes. Prerequisite: ACC 10
Prerequisite
ACC 106
Offered
Fall Term