BUSINESS A701 / Intermediate Financial Accounting I

3 unit(s)

Prerequisite(s): BUSINESS A600 OR BUSINESS A650

(Formerly A712) This course emphasizes the conceptual and technical issues related to accounting for such items as inventory, depreciable assets, intangible assets, leases, pensions and taxes. Short cases and problem solving are used to reinforce the concepts and to give students some experience and understanding of techniques of financial reporting in these areas. Other topics covered may include revenue recognition, partnership, and not-for-profit accounting.