Analysis of generally accepted accounting principles, concepts, and theory underlying the preparation of financial statements.
Identify objectives of financial accounting; define generally accepted accounting principles; prepare and analyze financial statements; and analyze complex transactions affecting asset accounts.
Upon completion of the course, students will be able to:
- Describe the functions and primary focus of financial accounting
- Identify the objective and qualitative characteristics of financial reporting information and the elements of financial statements
- Analyze and record transactions using journal entries
- Describe the four basic financial statements
- Identify and describe the various asset classifications
- Describe the purpose of the statement of cash flow
- State the core revenue recognition principle and the key steps in applying it
- Explain the types of inventory
- Explain the concepts of cost allocations for plant, property, and equipment and intangibles
- Explain the different methods of depreciation
Title: Intermediate Accounting, 10th Edition
Author: Spiceland
Publisher: McGraw Hill
Assignments. 1,200
Exams (4 exams, 100 points each) 400
Total Points Possible. 1,600
A: 90% or 1,440 points
B: 80 % or 1,280 points
C: 70% or 1,120 points
D: 60% or 960 points
F: Below 960 points
ADA Statement:
Any student with a documented disability (e.g. learning, psychiatric, vision, hearing, etc.) may contact the Office on the Weatherford College Weatherford Campus to request reasonable accommodations. Phone: 817-598-6350 Office Location: Office Number 118 in the Student Services Building, upper floor. Physical Address: Weatherford College 225 College Park Drive Weatherford, TX.