91福利社

Course Outlines
Course Outlines

Intermediate Accounting I — ACCT 2000

  1. Course Description
    • Credits: 4.00
    • Lecture Hours/Week: 3.00
    • Lab Hours/Week: 2.00
    • OJT Hours/Week: 0
    • Prerequisites:
      • ACCT 1003: Principles of Accounting II
      • ACCT 1013: Principles of Financial Accounting II
    • Corequisites: None
    • MnTC Goals: None
    This course is part one of a two-part comprehensive study of accounting theory and concepts from the point of view of the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Concepts, and the Statements of Financial Accounting Standards and generally accepted accounting principles (GAAP). Emphasis is placed on student understanding of the accounting cycle and complex accounting principles. Topics include creation and use of journal entries, end of period adjusting entries, completion of the accounting cycle and production of income statements, changes in owners? equity, balance sheets and cash flow statements. Other topics include cash and receivables, measurement and timing of revenues and expenses, and inventory cost measurement, methods and special valuation issues. Prerequisite: ACCT 1013
  2. Course Effective Dates: 2/20/98 – Present
  3. Outline of Major Content Areas
      As noted on course syllabus
  4. Learning Outcomes
    1. Demonstrate proficiency and understanding of the accounting cycle.
    2. Define and understand the accounting principles and methods of GAAP.
    3. Measure and recognize fundamental and complex business transactions and understand their effects on the financial reports and on changes in owners? equity.
    4. Identify the elements within the financial statements and prepare accurate reports.
    5. Identify internal controls within a business entity.
    6. Identify and understand the relevance of financial statement notes and disclosures.
    7. Demonstrate knowledge of cash flow reporting and analysis.
  5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
  6. Learner Outcomes Assessment
      As noted on course syllabus
  7. Special Information
      None noted