ACC 2100 - Intermediate Accounting I

3 Credit(s) Hours: 3 hrs.

Study of financial accounting, accounting standards, and the conceptual framework underlying financial accounting. The accounting information system is reviewed, including the accounting cycle as applied to the corporate organization. Preparation and understanding of the major financial statements-the classified balance sheet, income statement, statement of retained earnings, and statement of cash flows. Also covered: revenue recognition, management and control of cash, recognition and valuation of accounts receivable.
Prerequisite(s): ACC 1200 with a minimum grade of “C”
Department: Business