BUS 3580 - Intermediate Accounting I

2 lecture hours 2 lab hours 3 credits

Course Description
This course is designed to provide students with an in-depth exposure to the conceptual framework of U.S. Generally Accepted Accounting Principles (“GAAP”) and International Financial Reporting Standards for the preparation and understanding of financial information. Students will focus on the measurement, recognition, and presentation of transactions, with emphasis on the basic financial statements, revenue recognition, and a range of other contemporary topics in financial reporting.
Prereq: BUS 3560, BUS 2530 (quarter system prereq: BA 2530, BA 2550)
Note: None
This course meets the following Raider Core CLO Requirement: None

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, and Statement of Cash flows
Describe, prepare, and analyze complex accounting transactions in accordance with U.S GAAP for revenue, expenses, liabilities, income taxes, gains and losses
Assess the financial reporting environment and theory
Understand ethical considerations for preparing and reporting financial information

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

Coordinator
Alyssa Henke

Announcement

The Raider Return

Milwaukee School of Engineering

Connect With MSOE

BUS 3580 - Intermediate Accounting I