ACCT 301 - Intermediate Financial Accounting I

2021-2022 Catalog Year

Credit(s): 3
Lecture: 3
Non-Lecture: 0
An introduction to the theory and practice underlying the preparation of general purpose financial statements for corporate entities. The course emphasizes the role of institutional factors in the development of complex business practices and accounting standards and presumes an ability to perform independent study. Specific topics include financial statement preparation; traditional and emergent techniques of asset valuation for receivables, inventory, plant assets and intangibles; ethical problems in financial reporting; the preparation and interpretation of required narrative disclosure; heightened expectations for professional ethics; an introduction to Sarbanes-Oxley requirements; and an exposure to original text for official pronouncements.

Prerequisite(s): Proficiency in Basic Requirements and ACCT 102 and ACCT 270.
Restricted to: School of Business Majors, Others may seek permission from the School of Business
Class Restriction: Junior, Senior
Offered: Every Fall Semester
Graded: N - Normal