Jun 14, 2024  
2023-2024 General Catalog 
    
2023-2024 General Catalog [ARCHIVED CATALOG]

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ACC 211 - Intermediate Accounting I


Course Department: Business
Last Date of Approval: Fall 2022

3 Credits
Total Lecture Hours: 45
Total Lab Hours: 0
Total Clinical Hours: 0
Total Work-Based Experience Hours: 0

Course Description:
This course provides an in-depth study of the conceptual framework of accounting as it relates to recording, reporting, and disclosing financial information on financial statements.

Prerequisites: C or better in ACC 142 - Financial Accounting
Prerequisites/Corequisites: ACC 146 - Managerial Accounting

Mode(s) of Instruction: traditional/face-to-face, and/or online

Credit for Prior Learning: There are no Credit for Prior Learning opportunities for this course.

Course Fees: There is a $124.99 course fee which includes all courses that utilize the Cengage products.

Common Course Assessment(s): None

Student Learning Outcomes and Objectives:
 

  1. Applying the conceptual framework in the financial reporting environment
    1. Determine what economic events require recognition in financial statements using financial accounting theory in accordance with GAAP.
    2. Measure economic events using suitable valuation methods including consideration of GAAP and IFRS
    3. Demonstrate the ability to record and disclose complex financial events in accordance with GAAP for assets, liabilities, equity, revenue, expenses, gains and losses.
  2. Prepare and analyze general purpose financial statements
  3. Demonstrate understanding of ethical considerations in preparing the reporting accounting information
  4. Communicate both orally and written to convey accounting information in a cross-functional decision-making environment.



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