Coopersmith Career Consulting | Evaluated Learning Experience
Intermediate Accounting I (ACC - 301)
Varies (self-study; self-paced).
March 2021 - Present.
Upon successful completion of this course, students will be able to: apply analytical techniques supported by generally accepted accounting principles to solve financial reporting issues and recognize ethical issues related to liability and owners' equity accounts, including but not limited to long-term bonds and notes payable, common and preferred stock, leases, and pensions; analyze, classify and record investments in debt and equity securities and related realized and unrealized gains, losses, interest, and dividend payments; compute basic and diluted earnings per share; analyze and record revenue agreements that deviate from recognition at the time of sale; explain the computation, classification, and reporting of deferred tax amounts arising from differences between financial and tax reporting requirements; explain the need for a more detailed Statement of Cash Flows than that introduced in the introductory financial accounting course.
Intermediate Accounting(ACC-301) is the first course in a two-course sequence that covers financial reporting for external parties. The purpose of financial reporting is to provide meaningful information to individuals and institutions that have an interest in business, whether they be investors, creditors, or managers. It is a company's accounting system that creates and provides this vital information to investors and creditors. Business managers likewise need information produced through financial accounting in making day-to-day operational decisions that improve a company's performance and profitability.
