ACTG 313:Intermediate Accounting I
Prerequisites ACTG 212
Credit Hours: (3)
ACTG 313 treats topics of financial accounting such as future and present value concepts, cash, receivables, short-term investments and fixed assets.
Detailed Description of Content of Course
Fundamental Processes
a. Statement of financial position
b. Statement of income and retained earnings
c. The accounting process
Working Capital
a. Cash and temporary investments
b. Receivables
c. Inventories-general valuation procedure
d. Inventories-estimating procedure in valuation
e. Current liabilities
Non-current Assets and Liabilities
a. Investments-equity securities
b. Investments-bonds, funds and miscellaneous items
c. Property, plant and equipment-acquisition, use and retirement
d. Plant and equipment-special valuation problems
e. Intangible assets
f. Non-current liabilities
Detailed Description of Conduct of Course
Lecture format with class discussion of problem assignments.
Goals and Objectives of the Course
1. Students should understand the theoretical foundation of accounting and the theory
underlying asset accounting and liability accounting.
2. Students should understand how the generally accepted accounting principles for
the aforementioned areas are applied.
Assessment Measures
Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, pc projects, class preparation and participation.
Other Course Information
Review and Approval
Date Action Reviewed By
September 10, 2001 Reviewed Dr. Dan Davidson, Chair