Overview
Description
Conceptual framework that underlies generally accepted accounting principles and its application to the basic financial statements and current assets.
Requirements
Prerequisites
- ACC 201 with a “C” or better
- ACC 202 with a “C” or better
ACC 201ACC 202
Original catalog text
Prerequisites
Prerequisite(s): ACC 201 with a “C” or better; ACC 202 with a “C” or better.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall and Spring
Terms
fall, spring
Attributes
Standard
Learning Outcomes
- explain the conceptual framework of U.S. GAAP.
- construct financial statements at the intermediate level.
- properly account for cash, receivables, and inventory under a variety of GAAP-acceptable methods.
- research accounting issues and communicate solutions professionally.