ACCT 230 - Intermediate Accounting I

In this first course of a two-part sequence focusing on financial reporting students will learn theory, concepts, principles and practices underlying preparation of external financial reports, particularly application of generally accepted accounting principles related to disclosure of current and noncurrent assets and principles of revenue recognition on the Balance sheet, Income Statement and Statement of Retained Earnings. Students will also consider broad issue like the environment of financial reporting, the role of financial reporting and the accounting standard -setting process.
Prerequisites ACCT-130
Credits: 3