ACCT 250 - Intermediate Accounting I

5 CR

In-depth examination of theoretical foundations of Accounting. Topics include cash flow, revenue recognition, lease accounting, and advanced financial reporting.

Prerequisite(s): ACCT 101 or ACCT 201 with a C or better, or entry code.

Course Outcomes

Explain the application of the FASB Conceptual Framework.
Apply ethical decision making.
Analyze the decision making and measurement processes to prepare financial statements.
Apply accounting principles to the recognition and recording of assets, liabilities and equity.
Use mathematical methods to calculate and record the time value of money.
Calculate and apply inventory measurements and explain inventory cost flow assumptions.
Calculate and apply depletion, depreciation and amortization methods.

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