ACCTG 200 - Intermediate Accounting 1

Lower Division

Prerequisites
ACCTG 100; Minimum grade C-.

The first in a three-course series in intermediate financial accounting, designed to deepen the students’ understanding of financial reporting practices and principles. The topical coverage includes an in-depth treatment of the conceptual framework, elements of the income statement, cash flow statement, and balance sheet. Revenue recognition and inventories are emphasized in this first course. Attention is given to examples of current reporting practices, and to the study of the reporting requirements promulgated by the Financial Accounting Standards Board.

Repeatable
No

Additional Notes
Previous course number: ACCTG 160

It is recommended that Accounting majors take ACCTG 200 and ACCTG 201 concurrently. A student who is double majoring may be able to petition to substitute a different communication class for the ACCTG 201 requirement. Please check with your advisor and an accounting advisor.

Course credits: 3