ACT 2221 Intermediate Accounting I
A study of the theory, concepts and procedures that underlie the preparation of external accounting reports for corporate organizations. Topics to be covered include: accounting standards and the conceptual framework, the processing of accounting information, financial statement preparation, revenue recognition, monetary assets, inventories, plant assets, intangibles, and time value of money concepts.
Prerequisite
ACT 1010 -Must be completed prior to taking this course.