ACC 301 - Intermediate Accounting I

This first in a series of three courses in intermediate accounting (ACC 301, ACC 302, and ACC 303) expands upon the principles covered in first year accounting and provides the foundation for students to advance to higher level subjects in financial accounting. The series focuses on how accounting as an information system can be used to generate a transparent, consistent and comparable presentation of a business’s financial condition. In this class, students learn the fundamentals of financial statement analysis, including the use of horizontal, vertical and ratio analysis, to evaluate financial strength and performance. The conceptual framework of accounting, the accounting process as well as uses and relationships between financial statements are covered. There is an additional emphasis on the asset side of the balance sheet, starting with cash and receivables.

Prerequisites & Notes
ACC 175.

(Cr: 3)