ACCT 2321 - Intermediate Accounting I

3 sem hrs cr

This course is an in-depth study of the conceptual framework of accounting theory and the preparation of financial statements and financial disclosures. Topics may include income measurement and profitability analysis, time value of money, cash and receivables, measurement and valuation of inventory and cost of goods sold, and accounting for plant assets and intangibles. This course is not equivalent to similar 3000 or 4000 level courses at a University. Prerequisite: ACCT 1020  

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline. 

This course may include proctored exams which must be completed on campus or at an instructor-approved proctoring center which may require additional costs to the student. Please consult your instructor for additional details. Formerly/Same As (Formerly ACCT 2010, ACT 2510)

Transfer (UT) or Non-Transfer Course (UN): UN

• Demonstrate knowledge of the conceptual framework of accounting
• Prepare GAAP-based financial statements
• Account for current assets, plant assets, and intangible assets