Intermediate Financial Accounting 1

Intermediate Financial Accounting 1
Financial reporting issues for balance sheet, income statement, and cash-flow statement. Revenue recognition, accounting for long-term assets, investment securities, and derivative instruments; consolidation.
 Hours4.0 Credit, 4.0 Lecture, 0.0 Lab
 PrerequisitesAdmission to SOA.
 TaughtFall, Winter
 ProgramsContaining ACC 403
Course Outcomes

Apply Financial Accounting Procedures

Apply intermediate-level financial accounting procedures to the construction and interpretation of balance sheets, income statements, and statements of cash flows.

Evaluate Ethical Considerations

Evaluate the ethical considerations of such accounting-related topics as earnings management and the strategic choice of accounting procedures.

Fair Values

Understand the use of fair values in accounting.

Analyze Business Issues

Use the structure of financial statements and an understanding of financial accounting standards and processes to analyze business issues in an unstructured, case-based setting.