ACC-201 Intermediate Accounting I

Intermediate Accounting I stresses a broader application of accounting principles. Theory is emphasized as it relates to valuation and changes in the financial position and operations of the business entity. Students will evaluate financial statements of business entities both quantitatively and qualitatively to expand their knowledge base regarding Generally Accepted Accounting Principles (GAAP) while learning how to adapt to changes in the standards of accounting practice.

Credits

4

Prerequisite

ACC-102 OR an A- or betting in ACC-101

Corequisite

ACC-102

Lecture Contact Hours

4

Lab Contact Hours

0

Other Contact Hours

0

Department

• Business

Grading Scheme

• Letter

SUNY Gen Ed Credit

• No

Course Learning Outcomes

1. Students will be able to identify current issues in the accounting profession
2. Students will be able to construct a complete set of financial statements
3. Students will be able to identify and account for business transactions.
4. Students will demonstrate the ability to apply present and future value concepts to accounting transactions
5. Students will be able to identify and explain issues in the Conceptual Framework as set forth by the Financial Accounting Standards Board