ACT 311: Intermediate Accounting I - spring

Prerequisite: A grade of C or better in ACT 211 and 212, Junior Standing, and Business Majors or Finance Minors Only

An in-depth study of intermediate financial reporting and corporate financial statements. Building on prior accounting knowledge, students examine more advanced issues in recognition, measurement, classification, valuation, and disclosure under GAAP. Topics include the income statement, balance sheet, statement of cash flows, receivables, inventories, property, plant, and equipment, and time value of money. Through problem-solving, applied exercises, and real-world examples, students strengthen their ability to prepare, analyze, and interpret financial information while developing the technical accounting and critical thinking skills essential for advanced accounting study and professional practice.