ACCT 311 Intermediate Accounting I
This course is the first in a two course sequence (Intermediate Accounting I and Intermediate Accounting II) that provides for the preparation and understanding of financial information. Topics include accounting theory and practice, the conceptual framework of United States (U.S.) generally accepted accounting principles (GAAP), recognition of economic transactions, the preparation and analysis of financial statements and the related disclosures. Intermediate Accounting I focuses on the role of accounting as an information system and the measurement, recognition, presentation, and disclosure of economic transactions focusing on the following: basic financial statements, time value of money, cash and receivables, inventories, property, plant, and equipment, depreciation and impairment, and current liabilities and contingencies.
Note: Download the syllabus from the course D2L site and do the assignment for week one.
Prerequisites
Special information
4 Undergraduate credits
Effective August 22, 2015 to present
Learning outcomes
General
- Determine what economic events require recognition in financial statements using financial accounting theory in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
- Measure economic events using suitable valuation methods including consideration of United States and International standards.
- Demonstrate the ability to record and disclose complex financial events in accordance with U.S. GAAP for assets, revenues, expenses, gains and losses.
- Prepare balance sheets, income and equity statements using GAAP standards and procedures.
- Analyze information in financial reports for its value in stakeholder decision-making.
- Demonstrate understanding of ethical considerations in preparing and reporting accounting information.
- Create communications, both oral and written, to convey accounting information in a cross-functional decision-making environment.
Summer 2024
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 50 | Intermediate Accounting I | Feuerhelm, Shannon Lea | Books for ACCT-311-50 Summer 2024 | Course details for ACCT-311-50 Summer 2024 |
Fall 2024
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 01 | Intermediate Accounting I | Wilson, Joel R | Books for ACCT-311-01 Fall 2024 | Course details for ACCT-311-01 Fall 2024 |
| 50 | Intermediate Accounting I | Feuerhelm, Shannon Lea | Books for ACCT-311-50 Fall 2024 | Course details for ACCT-311-50 Fall 2024 |
Spring 2025
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 01 | Intermediate Accounting I | Wilson, Joel R | Books for ACCT-311-01 Spring 2025 | Course details for ACCT-311-01 Spring 2025 |
| 50 | Intermediate Accounting I | McCann, Linda M | Books for ACCT-311-50 Spring 2025 | Course details for ACCT-311-50 Spring 2025 |