ACC 231-232 - Intermediate Accounting I,II

Institution:

Doane University

Subject:

Description:

An introduction to the theory and practice of accounting which addresses financial reporting; conceptual framework; review of the accounting process; preparation of accounting statements (financial position), results of operations (income), cash flow, and changes in retained earnings. Other topics include calculation of compound interest; financial reporting; determination of cash and receivables; inventory measurement and flow assumptions; acquisition and disposal of property, land, and equipment; calculation and presentation of appreciation and depreciation. The courses also cover measurement of intangibles; valuation of current and non-current liabilities; valuation of current and non-current investment; accounting for income taxes and post retirement benefits; accounting for leases; computation and presentation of earnings per share; and accounting for changes in prices (inflation). Prerequisite for ACC 231: ACC 104 with a C- or higher, or permission. Prerequisite for ACC 232: ACC 231 with a C- or higher, or permission.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.doane.edu

Phone Number:

(402) 826-2161

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Four-one-four plan

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