2023-2024 University Catalog 
    
    Apr 21, 2024  
2023-2024 University Catalog
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AC320 - Intermediate Accounting I


AC320 is a professional course requiring intensive study and analysis. Students who have not completed AC201 - Principles of Financial Accounting  within the past two years may have difficulty. The first in a three-course sequence of Intermediate Accounting. It offers an in-depth examination of generally accepted principles related to the preparation of external financial statements for a corporate entity. The conceptual framework is studied and applied throughout, as well as the application of present value techniques to accounting valuations. Specific topics include the accounting system, development and research of accounting standards, income statement, statement of retained earnings, comprehensive income, balance sheet, statement of cash flows, time value of money, cash, receivables, and inventory.
Prerequisite(s): AC201   or equivalents and a course grade of C or higher 
Lecture Hours: 3 Lab Hours: 0 Credits: 3
History: ACC320



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