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ACC 701

Intermediate Accounting I

Catalog2026-2027
Credits3 units
LevelGraduate
Average gradeA-
Standard

Overview

Description

This course provides students with technical knowledge in accounting beyond the introductory accounting and business courses. Specifically, it covers the following topics: the conceptual framework that underlies generally accepted accounting principles; accounting cycle; balance sheet, income statement & statement of cash flows; revenue recognition; cash, accounts receivables; long-term assets; and inventory costing methods.

Requirements

Prerequisites

  • admission to the online MAcc program.
Original catalog text

Prerequisites

Prerequisite(s): admission to the online MAcc program.

Units

Lecture3

Catalog Details

Offering

Offered: Every Fall

Terms

fall

Restrictions

admission to the online MAcc program.

Attributes

Standard

Learning Outcomes

  • explain the conceptual framework of U.S. GAAP.
  • construct financial statements at the intermediate level.
  • apply a variety of GAAP-acceptable methods to properly account for revenues, cash, receivables, inventory, and long-term assets.