ACCTG 350 - Intermediate Accounting I

5 Credits

An in-depth study of financial accounting theory and practice. The first of a three-course intermediate sequence, this course is intended for the student who requires more than principles level accounting coverage.

Pre-requisite(s) ACCT& 201 and ACCT& 202 with min 2.0
Instructor Permission Required Yes
Program Admission Required Yes Admitted Program BAS - BUSN
Course Note This class is taught by Central Washington University.
Fees

Quarters Typically Offered
Fall Evening
Spring Evening

Designed to Serve General business and accounting students enrolled in the Bachelor of applied science in business management at Highline College
Active Date 20240717T10:33:14

Grading Basis Decimal Grade
Class Limit 10
Contact Hours: Lecture 55
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
Course Outline

This class covers:
- The demand for and supply of financial accounting information
- Financial reporting: its conceptual framework;
- Review of a company’s accounting system;
- The balance sheet and statement of shareholders’ equity
- The income statement and the statement of cash-flows;
- Time value of money;
- Cash and receivables;
- Inventories: cost, measurement and cost flow assumptions;
- Inventories: special valuation issues.

Student Learning Outcomes
Demonstrate intermediate-level competency in the following accounting for specific topics designated for this first of a three-course intermediate sequence.

The demand for and supply of financial accounting information
Financial reporting: its conceptual framework;
Review of a company’s accounting system;
The balance sheet and statement of shareholders’ equity
The income statement and the statement of cash-flows;
Time value of money;
Cash and receivables;
Inventories: cost, measurement and cost flow assumptions;
Inventories: special valuation issues.

Identify ethical dilemmas in the accounting profession.

Demonstrate intermediate-level competency in the application of U.S. accounting standards and the integration of international accounting standards.

Demonstrate intermediate-level competency in practicing all phases of the accounting cycle.