BUS 3580 - Intermediate Accounting I

2 lecture hours 2 lab hours 3 credits

Course Description
This course is designed to provide the students with an in-depth exposure to the United States and international accounting environment and all the elements of the theoretical frameworks that comprise Generally Accepted Accounting Principles and International Financial Reporting Standards. The students will learn to apply accounting theory to revenue and expense and the related balance sheet accounts. (prereq: BUS 3560 and BUS 2530) (quarter system prereq: BA 2530 and BA 2550)

Course Learning Outcomes
Upon successful completion of this course, the student will be able to:

Construct and analyze financial statements for a complex organization focusing on the income statement, liabilities and equity, and statement of cash flows
Describe, prepare, and analyze complex accounting transactions
Assess financial reporting environment and theory
Compare requirements under Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) for all elements of the financial statements under study

Prerequisites by Topic

None

Course Topics

Financial reporting environment and theory
Judgment and applied financial accounting research
Review of the accounting cycle
Statements of net Income and comprehensive Income
Statements of financial position and cash flows and the annual report
Revenue recognition
Operating liabilities and contingencies
Financing liabilities
Accounting for income taxes
Accounting for leases
Earnings per share
Statement of cash flows

Coordinator
Carol Mannino

Announcement

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BUS 3580 - Intermediate Accounting I