Intermediate Accounting I

3.00 credits · Undergraduate

Prereq: COMM 2121; or permission of the Department This course expands basic accounting concepts learned in Commerce 2101 and 2121. It develops the general accounting theory of assets, liabilities, income, equity, and funds flow. Particular emphasis will be placed on the conceptual framework of accounting, revenue and expense recognition, asset and liability recognition, and measurement and disclosure. (Format: Case Discussion/Lecture/Problem Based Learning 3 Hours.)