2020-2021 Catalog and Student Handbook 
    Sep 30, 2023  
2020-2021 Catalog and Student Handbook [ARCHIVED CATALOG]

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ACC 203 - Intermediate Accounting I

Credits: 3
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
  1. Identify and define elements of the accounting process.
  2. Define and portray the presentation of Net Income.
  3. Define and portray the elements presented on the Balance Sheet and Statement of Cash Flows.
  4. Understand the essentials of compound interest, annuities and present value.
  5. Record events affecting cash and receivables.
  6. Compute and record inventory valuation methods.
  7. Describe accounting for current and long-term liabilities.
  8. Compute and record the acquisition and disposition of property, plant, and equipment.
  9. Explain the various depreciation methods used.
  10. Gain an understanding of Accounting Information Systems.
  11. Compute and record inventory valuations.
  12. Compute and record depreciation, impairments, and depletion.

Prerequisite: ACC 202  
Corequisite: None
Graded: Letter Grade

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