ACCT 2000 - Intermediate Accounting I

Institution:

Dakota County Technical College

Subject:

Description:

This course is part one of a two-part comprehensive study of accounting theory and concepts from the point of view of the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Concepts, and the Statements of Financial Accounting Standards and generally accepted accounting principles (GAAP). Emphasis is placed on student understanding of the accounting cycle and complex accounting principles. Topics include creation and use of journal entries, end of period adjusting entries, completion of the accounting cycle and production of income statements, changes in owners' equity, balance sheets and cash flow statements. Other topics include cash and receivables, measurement and timing of revenues and expenses, and inventory cost measurement, methods and special valuation issues. Prerequisite: ACCT 1013

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture/Lab

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.dctc.edu/

Phone Number:

(651) 423-8301

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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