AC 301 - Intermediate Accounting I

Semester Hour(s): 4
Semester(s) Offered: Fall
Pre-Requisite(s): AC 102 or permission of instructor
Financial accounting that stresses the theory and practical application of accounting standards and concepts. The accounting assumptions, theories and facts that substantiate or refute these current accounting standards and concepts are challenged. The accountant’s professional and ethical role in both the development and interpretation of accounting information is examined. Topics include the various accounts contained on the asset side of the balance sheet.