Intermediate Accounting I - ACO 313

This course provides students an in-depth understanding of the traditional financial accounting topics, as well as introduce them to recent developments in financial reporting and measurement practices as promulgated by the leading professional accounting organizations and applied by practitioners in public accounting and industry. Topics covered include: the theory of accounting and financial reporting, its conceptual framework, major financial statements form and content, financial disclosures, revenue and expense recognition, accounting changes and errors. Prerequisite: ACO 202.