BUS 570 - Intermediate Accounting Survey

Minimum Credit(s) Awarded: 5
Maximum Credit(s) Awarded: 5

This course provides foundational knowledge of intermediate accounting for the MS Accountancy program. The course serves as in-depth study of the theoretical foundations of financial accounting and reporting at the intermediate level. Topics include the accounting conceptual framework, the accounting information system, advanced financial statement preparation (balance sheet, income statement, statement of stockholders’ equity and statement of cash flows), footnote disclosures, time value of money concepts, accounting for cash, receivables, inventories, property, plant, and equipment, and intangible assets. Additional topics covered include accounting for current and non-current liabilities, contingencies and equity accounts; accounting for leases, investments, income taxes and pensions; dilutive securities and earnings per share; accounting changes, disclosure in financial reporting and revenue recognition. Application of topics through written case analyses and through research in the FASB Accounting Standards Codification is required.

Offered Fall, Spring, Summer

Course Fee: No