ACCT 3010 - Intermediate Accounting I

Institution:

Utah Tech University

Subject:

Description:

Required of students pursuing a degree or emphasis in accounting. Covers conceptual framework of accounting; reviews the accounting process; reviews accounting statements including the income statement, balance sheet, and statement of cash flows, and includes an in-depth coverage of accounting changes, error corrections, and financial statement analysis. Inclusive Access Course Material (electronic book) fees may apply, see Fees tab under each course section for details. **COURSE LEARNING OUTCOMES (CLOs) At the successful conclusion of this course, students will be able to: 1. Describe the objectives and challenges of Generally Accepted Accounting Principles for Financial Reporting and describe the Conceptual Framework underlying financial reporting. 2. Understand and apply the concepts and techniques that underlay the preparation and completion of the four major financial statements (Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flows). 3. Understand the essentials of time value of money: compound interest, annuities, future and present value, as they apply to financial reporting. 4. Understand and apply the acceptable reporting, recognition, and valuation concepts related to assets, current liabilities, revenue, and expenses. Prerequisites: ACCT 2010 and ISA 2010 (Grade C- or higher). FA, SP

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.utahtech.edu/

Phone Number:

(435) 652-7500

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

General Education

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