ACCT-3000Intermediate Accounting 1
In this course, students will move beyond the fundamental accounting
processes of their introductory courses and learn about measurement,
valuation and presentation of all the balance sheet elements. The
importance of user objectives in financial reporting and a
professional’s responsibility to society are discussed. Students will
begin their studies by learning how to develop comprehensive financial
statements for public companies as well as a broad discussion on
International Financial Reporting Standards (IFRS) and Accounting
Standards for Private Enterprises (ASPE). The remainder of the course
will cover the variety of accounting policy choices that are available
to measure and value assets and the criteria used to make those
choices. Upon completion of this course, students will be able to
properly measure and value balance sheet elements using appropriate
standards, recognize situations where choices between accounting
policies exist, evaluate the choices and prepare recommendations.
Other Information
Exams for evening classes may be scheduled outside of the class time.
