ACCT 2410 Intermediate Accounting I (4L,4CR) A study of accounting principles and procedures with emphasis on analysis, interpretation, and controls. Financial statements are studied in detail from both the theoretical and practical standpoints, with a critical examination and evaluation of areas covered. Prerequisite: ACCT 1020. (Fall semester.)

Students acquire knowledge of the principles and theory of accounting. Topics include accounting information systems, the Income Statement and related information, the Balance Sheet and related information, the Statement of Cash Flows, cash, receivables, valuation of inventories, acquisition and disposition of fixed assets, and intangible assets. Prerequisite: Completion of ACCT 2020.