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May 12, 2024
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2019-2020 Catalog [ARCHIVED CATALOG]
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ACNT 2303 - Intermediate Accounting I
Credit Hours: 3
Contact Hours - Lecture: 2 Lab: 3
Analysis of generally accepted accounting principles, concepts, and theory underlying the preparation of financial statements.
Prerequisite: ACCT 2301
Student Learning Outcomes
1 - Identify objectives of financial accounting and define generally accepted accounting principles.
2 - Prepare and analyze financial statements with emphasis on the income statement and balance sheet.
3 - Analyze complex transactions affecting asset accounts.
4 - Discuss the development of accounting standards.
5 - Discuss the conceptual framework underlying financial accounting.
6 - Complete steps in the accounting cycle.
7 - Prepare statement of income, balance sheet, statement of cashflows.
8 - Apply the concepts of the time value of money.
9 - Journalize entries for cash and accounts receivable.
10 - Measure inventory valuation based on alternative valuation methods.
11 - Journalize acquisition and disposition of property, plant, and equipment.
12 - Calculate depreciation of property, plant, and equipment.
13 - Calculate depletion of natural resources.
14 - Measure and journalize transactions for intangible assets.
15 - Journalize transactions affecting asset accounts.
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