This Fall intermediate course covers comprehensive and complex issues of financial accounting. It pays special attention to contributions to the accounting field made by professional and research groups. Topics include primary financial statements and their preparation, accounting and the time value of money, cash and receivables, investments, inventories, acquisition and disposition of property, plant and equipment, depreciation and depletion, intangible assets and revenue recognition. Prerequisite: ACCT 205. Fall semester.

Comprehensive core of accounting knowledge essential to the student entering one of the several areas of the accounting profession. Study of generally accepted accounting principles, the conceptual framework, and financial accounting reporting requirements. Includes in-depth conceptual analysis of the various financial statement elements. (Fall, Spring, Summer) [Graded (Standard Letter)] Registration Restriction(s): Acceptance into the School of Business OR permission from a School of Business advisor OR have an approved Accounting minor