ACC 231 - Intermediate Accounting I

Institution:

Illinois State University

Subject:

Description:

The study of financial accounting theory and practice relating to monetary assets, inventories, plant assets, intangible assets, current liabilities, contingencies, and stockholders equity. Present value applications, and preparation of financial statements are examined. The following topics are also overviewed: the environment of financial accounting, the development of accounting standards, and the conceptual framework underlying financial accounting.

Credits:

3.00

Credit Hours:

Prerequisites:

ACC 132; minimum grade of B/C combination between ACC 131 and 132; B or higher in ACC 131 and 132 strongly recommended.

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

illinoisstate.edu/

Phone Number:

(309) 438-2111

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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