BUS 31100 - Intermediate Accounting I

Theoretical framework and application of generally accepted accounting principles to the preparation of financial statements, with emphasis upon the assets and liabilities of an enterprise.

Preparation for Course
P or C: BUS 31700 with grade of C- or better.
Sophomore or higher class standing.

Cr. 3.
Notes
Enrollment in business (BUS) courses numbered 30100 and above is restricted to students who meet established criteria: business majors who have met the pre-business requirements and been admitted into one of the business majors; or students that have declared other pre-approved programs or minors which require particular business courses, and completed all course prerequisites; or students that have obtained written permission from the department through which the course is offered.
Student Learning Outcomes
1. Understand and apply Generally Accepted Accounting Principles (GAAP) and the conceptual framework in the preparation of financial report.
2. Evaluate the relationship between financial statements and the needs of financial statement users.
3. Develop in-depth knowledge of the asset, liability and equity sections of the balance sheet, including how these items are valued and the rationale for different measurement approaches.
4. Prepare in proper format the balance sheet, income statement, statement of cash flows, and statement of stockholders’ equity.