Intermediate Financial Accounting I

3 credits

This course continues and builds upon the study of financial accounting begun in BUS 285. It extends students' understanding of generally accepted accounting principles through an in-depth examination of asset, liability and shareholders' equity valuation, and income measurement and financial statement analysis. It provides a greater awareness of the underlying rationale of existing practice and an appreciation of the characteristics and limitations of accounting. ***Prerequisite: BUS 285 (or ADMN 285) with a minimum grade of 60% and BUS 290 (or ADMN 290). Concurrent enrolment is allowed in BUS 290.*** *Note: Students may not receive credit for both BUS 385 and ADMN 385.*