Course Information

another search

Number:AC223
Name:Intermediate Accounting I
Description:This course is designed to provide the student with a broad foundation for external financial accounting and reporting. Emphasis is placed on both generally accepted accounting principles and the relationship between balance sheet valuations and income determination. The course integrates accounting, corporate finance and economics to reflect how business transactions are reported. Cash flows and earnings are emphasized to better understand and interpret the effect on a firm’s future prospects. Various topics including financial statement analysis, valuation, credit risk assessments, receivables, inventories and time-value of money are studied.
Credit(s):3
Offered (DAY schedule):Every fall semester
Instructor Permission Required:N
Pre-Requisite(s): AC112

Course Objectives

Upon completion of this course, students will be able to: •Review the environment of financial reporting including the role of the Financial Accounting Standards Board (FASB) in establishing the conceptual framework, and the accounting assumptions and principles that influence the generally accepted accounting principles (GAAP) •Properly record and classify the basic elements of the financial statements •Recognize the importance of financial flexibility and liquidity through an in-depth review of cash, marketable securities and account receivables •Determine inventory valuation using various methodologies

Books Previously Used in this Course

Term Year Title ISBN Author Edition Publisher
F 2012 Intermediate Accounting : Report. and Analysis-Package 1-133-90323-1 WAHLEN 2013 Wadsworth, Inc
F 2011 INTERMEDIATE ACCOUNTING 0-324-65913-X NIKOLAI 11 SW
F 2011 PAC CNOW EXPRESS:INTERMED 0-324-78837-1 NIKOLAI 11
F 2010 INTERMEDIATE ACCOUNTING 0-324-65913-X NIKOLAI 11 SW
F 2010 INTERMEDIATE ACCT. BUNDLE 1-111-12165-6 NIKOLAI 11
F 2010 PAC CNOW EXPRESS:INTERMED 0-324-78837-1 NIKOLAI 11
S 2010 INTERMEDIATE ACCOUNTING 0-324-65192-9 NIKOLAI 10 THO050
F 2009 INTERMEDIATE ACCOUNTING 0-324-65913-X NIKOLAI 11 CENGAGE LEARNING
F 2008 INTERMEDIATE ACCOUNTING 0-324-65192-9 NIKOLAI 10 CENGAGE LEARNING
F 2007 INTERMEDIATE ACCOUNTING NIKOLAI 1 THO050
F 2005 "INTERMED.ACCT.-WKPPRS. NIKOLAI V.I"
F 2005 INTERMED.ACCT.-W/BECKER CPA CDS NIKOLAI 9TH 03
F 2005 INTERMEDIATE ACCT.-TEXT ONLY SPICELAND 3RD 04
F 2003 Intermediate Accounting 0471072087 Kieso 11 Wiley
F 2002 Intermediate Accounting w/ CD 0471363049 Kieso 10th Wiley
F 2001 Intermed. Accounting-W/Cd 0-471-36304-9 Kieso 10th Wiley
F 2000 Finanacial Reporting & Analysuis w/Excel Dis 0-13-056115-0 Resvine PH
F 1999 Intermediate Accounting 0-324-00731-0 Nikolai 8 SW
F 1999 Intermediate Accounting Working Papers 0-324-00733-7 Nikolai 8 SW
Thomas College. Beyond Education.