ACC 210 - Intermediate Accounting I
A more analytical treatment of accounting theory and practice, with a review and amplification of basic procedures. Topics include cash, receivables, inventories, plant assets, intangible assets, time value of money, and financial statement preparation, presentation and disclosure with emphasis on generally accepted accounting principles.
Course offered Fall semester during the day and Spring semester during the evening.
This course does not count toward the financial accounting and reporting requirement for the CPA-150 certification in New York State.
Prerequisite: ACC 102 with a grade of C or higher.
Course Learning Outcomes
1. Identify the major organizations involved in the standard-setting process.
2. Explain the financial reporting issues that face the accounting profession today.
3. Define generally accepted accounting principles (GAAP).
4. Explain the four parts of the GAAP conceptual framework.
5. Perform each step of the accounting cycle.
6. Prepare general-purpose financial statements such as a multiple-step income statement, classified balance sheet, retained earnings statement, or statement of cash flows, following GAAP concepts.
7. Solve accounting problems using time value of money concepts.
8. Explain reporting issues for cash, receivables, inventory, plant assets, or intangible assets.
Course Offered Fall, Spring
Use links below to see if this course is offered:
Fall Semester 2023
Summer Session 2023