Intermediate Accounting I

Class

Analysis of generally accepted accounting principles, concepts, and theory underlying the preparation of financial statements.

Course Learning Objectives

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

Required Textbooks

Title: Intermediate Accounting, 10^th Edition
Author: Spiceland
Publisher: McGraw Hill

Evaluation Standards

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

Disabilities

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.

Academic Integrity

Academic Integrity is fundamental to the educational mission of Weatherford College, and the College expects its students to maintain high standards of personal and scholarly conduct. Academic dishonesty of any kind will not be tolerated. Academic dishonesty includes, but is not limited to, cheating on an examination or other academic work, plagiarism, collusion, and the abuse of resource materials including unauthorized use of Generative AI. Departments may adopt discipline specific guidelines on Generative AI usage approved by the instructional dean. Any student who is demonstrated to have engaged in any of these activities will be subject to immediate disciplinary action in accordance with institutional procedures.

Hope Statement

Any student who faces challenges securing basic resources such as food, clothing, or housing and believes this may affect their performance in their course of study is urged to contact the Director of Student Resources, Dr. Deborah Cregger, for support at (817) 598-6444. Her office is on the first floor of Student Services. If the student prefers, they may contact their instructor, who can reach out on their behalf. Weatherford College also provides the Coyote Pantry. The Pantry maintains boxed and canned foods for students in need. The location of the Coyote Pantry is two blocks west of the Weatherford campus at the Baptist Student Ministry (118 E. Park Ave., Weatherford). Pantry hours are Mon-Thurs. 8:30 am-4:30 pm and Fri. 8.30 am-12:00 pm (817-599-6586).