Intermediate Accounting I
This course is the first in a two-part sequence of courses focusing on financial reporting. In this course, students will develop an understanding of the theory, concepts, principles, and practices underlying the preparation of external financial reports. This course begins this process by considering broad issues like the environment of financial reporting, the role of financial reporting, the users of financial reports, and the accounting standard-setting process. The focus of this course will examine more intensively the application of generally accepted accounting principles for financial reporting and disclosure of current and noncurrent assets and principles for revenue recognition on the Balance Sheet, Income Statement and Statement of Retained Earnings.