This course covers the development of intermediate accounting theory and practice including
such topics as income statement and balance sheet.
Course Learning Outcomes:
Understand the accounting process.
Become familiar with journalizing entries.
Prepare a trial balance.
Identify accounting applications using the time value of money.
Acquire knowledge of the fiscal period.
Understand cash flows.
Become aware of inventory calculations.
Gain knowledge of accounting concepts and accepted practices.
Course Concepts: Learner will understand major concepts of...
Financial reporting
Income Statement
Balance Sheet
Statement of Cash Flows
Receivables
Time Value of Money
Course Learning Assessment:
Learners are expected to complete all performance requirements for the course and to demonstrate
mastery of the course concepts and course learning outcomes through examinations.
In addition to library research, mastery of course concepts may require demonstration of course
concepts, critical thinking, and communication skills by term papers, oral presentations, self-
assessments, and written assignments.
Intermediate Accounting, 15th Edition. by James Stice, Earl Kay Stice, & Fred Skousen.
South-Western (Thomson Learning), 2004. (Lower cost used textbooks are available.) ISBN: 0324304145
Optional:
Study Guide to accompany Intermediate Accounting (Vol 1), 15th Edition. South-Western (Thomson Learning), 2004. ISBN: 0324183771
References & Readings * :
* These are recommended reading if the student needs more in-depth information on a topic.
The class can be passed with purchasing the primary textbook only.
Brock, Horace R., Charles E. Palmer and Billie M. Cunningham, Financial Accounting Principles
and Applications, 5th ed., New York, NY: McGraw Hill Book Co., 1986.
Carlson, Arthur E. and James A. Heintz, College Accounting, 12th ed., Cincinnati, OH:
South-Western Publishing Co., 1986.
Matz, Adolph and Milton F. Ursy, Cost Accounting Planning and Control, 12th ed., Cincinnati,
OH: South-Western Publishing Co., 1984.
Moriarity, Shane and Carl P. Allen, Cost Accounting, New York, NY: Harper & Row,
Publishers, 1984.
Schick, P. Charlene, Jean Gonzalez and David S. Kennedy, Accounting Fundamentals,
Englewood Cliffs, NJ: Prentice-Hall, Inc., 1987.
Performance Requirements/Course Grade:
In order to fulfill course requirements, chapter tests are to be submitted according to the
following schedule. This is designed in order that ongoing feedback can be provided.
