Skip to main content

National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

COPE TTS | Evaluated Learning Experience

Return to COPE TTS

ACC 301 Intermediate Accounting I

Course Category: 

Varies (self-study; self-paced). 

Various; Distance Learning Format.

October 2022 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: describe the function and primary focus of financial accounting and explain the difference between cash and accrual accounting; understand routine economic events—transactions—and determine their effects on a company’s financial position and on specific accounts; analyze and record transactions using journal entries and describe the different types of adjusting journal entries; describe the four basic financial statements, identify and describe the various balance sheet asset classifications, and discuss the importance of income from continuing operations and describe its components; compute the future value and present value of a single amount as well as annuities; describe the accounting treatment of anticipated uncollectible accounts receivable; and describe the variables that influence a company’s investment in receivables and calculate the key ratios used by analysts to monitor that investment.


This course reviews accounting theory with an in-depth analysis of the balance sheet and income statement as each pertains to valuation and reporting practices. It places special emphasis on shareholder equity, issues related to income determination, and the preparation and analysis of all financial statements. The course includes detailed consideration of valuation of current assets, operational assets, intangibles, and cash flows. The concepts of future and present value and analytical review of financial statements are also covered.

Credit recommendation: 

In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 4 semester hours in Intermediate Accounting (3/23).