Studies internal control design and evaluation, evidence-gathering techniques, and other topics.
Covers reading and understanding financial statements, internal control requirements for safeguarding assets, and accounting procedures necessary to complete the entire accounting cycle, including journals, ledgers, and financial statements.
Prerequisites: Placement in ENG 111 or placement in co-requisites ENG 111 and ENF 3.
Offers analytical techniques through the use of comprehensive case studies. [view & print course content summary] ACC 221 Intermediate Accounting I 3 cr.
Highlights the evolution of financial statement reporting, the conceptual framework, and GAAP analysis. Covers accounting principles and theory, including a review of the accounting cycle and accounting for current assets, current liabilities, and investments.
Also addresses wholesaler transactions and inventory, fixed assets, natural resources, and intangible assets.