ACCT 264 Intermediate Financial Accounting I
First of a series of two courses containing an in-depth study of Generally Accepted Accounting Principles. Topics covered include accounting standards and the conceptual framework underlying financial accounting, accounting information systems, the income statement, the balance sheet, the statement of cash flows, the time value of money, and revenue recognition. Asset topics include cash and receivables, inventories, property, plant and equipment, depreciation and impairments, and intangible assets. Various pronouncements of the Financial Accounting Standards Board are covered.
Prerequisite
ACCT 260. A grade of "C" or higher in this course is required to proceed to any upper level accounting course.
Offered
Offered in the Spring semester.