ACC 203 - Intermediate Accounting I

Credits: 3

Semesters Offered: Fall, Spring, Summer
Campus/Sites Offered: Charleston, Online
Offering Note: No additional information available.

Description
Accounting for assets and liabilities, concepts and techniques concerning preparation and analysis of the balance sheet, essentials of interest, annuities and present value.

Student Learning Outcomes

Identify and define elements of the accounting process.
Define and portray the presentation of Net Income.
Define and portray the elements presented on the Balance Sheet and Statement of Cash Flows.
Understand the essentials of compound interest, annuities and present value.
Record events affecting cash and receivables.
Compute and record inventory valuation methods.
Describe accounting for current and long-term liabilities.
Compute and record the acquisition and disposition of property, plant, and equipment.
Explain the various depreciation methods used.
Gain an understanding of Accounting Information Systems.
Compute and record inventory valuations.
Compute and record depreciation, impairments, and depletion.

Prerequisite: ACC 202
Corequisite: None

Graded: Letter Grade