ACC 305 - Intermediate Accounting I

Conceptual framework and accounting standards, accounting system and recording procedures; elements and format of the balance sheet, income statement and statement of cash flows; valuation and reporting of cash, receivables, inventories and cost of goods sold, property, plant and equipment and depreciation, intangibles and depletion, current liabilities and contingencies. Additional laboratory hour required.
Lecture
Credits: 3
Prerequisite: BUS 202
Equivalent(s): ACC 203/ACC 303
Not Liberal Arts
Offered in Fall & Spring