This course can be considered the “meat and potatoes” of accounting, as it is the foundation for all other topics such as audit, tax, and accounting information systems. Students willcomplete an in-depth examination of financial accounting theory and practice, building on foundational knowledge of financial and managerial accounting from the previous two courses. You will explore the conceptual framework of accounting and how it relates to the detailed measurement and reporting of assets, liabilities, and equity. A focus is placed on the valuation of assets, both current and long-term, as well as recent changes in Generally Applied Accounting Principles (GAAP).
This course is recommended preparation for advanced study in business administration and accounting.
This class will meet synchronously for 3 hours per week and will include 1 hour of asynchronous instruction. Students should expect additional homework during the week.
Anticipated Credit Equivalencies:
4 - Intermediate Accounting: Foundations and Applications
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Academic Details
Business, Administration, and Accounting