ACC201 — Intermediate Accounting I 4 Hours
This course provides an in-depth analysis of the theory concepts and procedures underlying the preparation of external financial accounting statements and reports for corporate organizations. Accounting principles and concepts are analyzed and developed from a theoretical conceptual and historical environment and are then applied to specific business transaction and decision situations. Topical coverage includes review of the financial accounting process statements of income retained earnings cash flows and balance sheet time value of money concepts cash and receivables valuation of inventories acquisition and disposition of property plant and equipment depreciation and depletion and intangible assets. Prerequisite: ACC 102 Semester Hour(s): 4 hour(s) Lecture / Lab Hours: 4 lec/week