ACCT 3101 Intermediate Accounting I

Prerequisites: ACCT 2101 and ACCT 2012, both with a grade of C or better. Corequisite: ACCT 3000. Expanded study of financial accounting theory. Topics include financial accounting standards, conceptual framework, accounting cycle, time value of money, cash and receivables, inventory cost flow assumptions, revenue recognition principles, the balance sheet, and income statement. Topics include financial accounting standards, conceptual framework, accounting cycle, time-value of money, current assets, revenue recognition principle, and the primary financial statements.