ACCT 304 - Intermediate Accounting I

3 Hour(s) Credit
Detailed analysis of the accounting cycle. In-depth coverage of financial statements and account analysis. Classification, valuation and timing involved in the determination of income and asset/equity measurement. Special attention devoted to revenue recognition, tax, lease and pension transactions. Emphasis on comprehension, critical thinking and problem solving. Consideration of recent FASB pronouncements as well as structure and use of FASB’s Accounting Standards Codification.
Three hours per week
Major Prerequisites C or better in ACCT 201 and ACCT 202, and admission to the Professional Program
Non-Major Prerequisites C or better in ACCT 201 and ACCT 202, and junior standing