ACCT 308 - Intermediate Accounting I

4 Credit(s)

Students examine, in-depth, financial accounting theory and practice as it falls within the framework of U.S. Generally Accepted Accounting Principles (GAAP). Students will be able to prepare a comprehensive set of corporate financial statements and identify the limitations in such financial statements. They will obtain a detailed understanding of the accounting and reporting issues associated with the asset-side of the balance sheet. They will learn to further analyze and evaluate financial information including alternative methods of accounting permitted under GAAP. They will also gain a basic understanding of International Financial Reporting Standards (IFRS) and the convergence projects of the FASB and IASB. In addition, the students are made further aware of the opportunities within the accounting profession and the organizations that influence and contribute to its body of knowledge. Selected projects require the use of spreadsheet software. Guest speakers from public accounting speak to students about accounting careers.
Prerequisite(s): ACCT 105 and ACCT 205.Corequisite(s): MIS 180.