ACC 341 - Intermediate Accounting I

Institution:

Pennsylvania College of Technology

Subject:

Accounting

Description:

Study of financial statements and the fundamental accounting processes. Topics include the conceptual framework of accounting, the accounting process, the income statement, the balance sheet, the statement of stockholders’ equity, and the statement of cash flows. Additional topics include the time value of money, cash, the valuation of receivables, inventory, revenue recognition, and the differences between U.S. and International Financial Reporting Standards (GAAP and IFRS). Course work includes the use of appropriate accounting technology, especially spreadsheet application tools.

Credits:

3.00

Credit Hours:

Prerequisites:

ACC 113

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pct.edu

Phone Number:

(570) 326-3761

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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