BUAC 731

Intermediate Accounting I
Credits
2

The first part of a three-series set of courses on intermediate accounting; presents an in-depth analysis of financial accounting and reporting theory and practice that will enhance student understanding of financial information used in making effective management decisions. For each topic included in the series, this course presents a review of the underlying business transactions that require accounting along with a review the technical details of U.S. Generally Accepted Accounting Principles (GAAP) and applicable International Financial Reporting Standards (IFRS). The course covers the informational needs of managers, securities analysts, investors and creditors, applicable to a variety of business transactions and events. The course includes materials helpful to students planning to take the CPA Examination. Intermediate Accounting I focuses on financial accounting standards, the conceptual framework of accounting, the accounting information system, the balance sheet, income statement, statement of cash flows, time value of money concepts and revenue recognition.