ACC301syllabus - ACC 301 Intermediate Accounting I Syllabus Fall 2004 Dr Deborah Pendarvis http/ COURSE DESCRIPTION

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ACC 301 Intermediate Accounting I Syllabus Fall 2004 Dr. Deborah Pendarvis COURSE DESCRIPTION ACC 301 is a study of the development of generally accepted accounting principles and valuation models in their application to financial statement presentations. PREREQUISITE ACC 202 CLASS MEETING Every Monday from 6:00pm to 8:50pm. CLASS LOCATION Lewis Hall, Room 307 INSTRUCTOR Dr. Deborah Pendarvis, C.P.A. OFFICE St. Edward Hall, Room 219 CONTACT Office Phone: (352)-588-8406 email: [email protected] OFFICE HOURS 1:00pm 4:00 – 5:00 pm Monday or by appointment TEXT Stice. INTERMEDIATE ACCOUNTING 15 th ed. INSTRUCTIONAL This is an in-depth study in the preparation and use of OBJECTIVES accounting information. It is based on current accounting standards of financial accounting including the conceptual framework. The course objectives include the ability to: 1. Explain the role of accounting standards and describe the role of the FASB, SEC, AICPA, AAA and the IRS in determining standards and policies in financial reporting. 2. Explain the significance of the FASB’s conceptual framework in outlining the qualities of good accounting information, defining terms and providing guidance about appropriate recognition, measurement and reporting. 3. Illustrate the following steps in the accounting cycle: analyze transactions, record and post journal entries, prepare adjusting entries, prepare financial statements, and prepare closing entries.
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4. Describe the specific elements of the balance sheet (assets, liabilities, and owner’s equity) and prepare a classified balance sheet including the additional balance sheet disclosures made in the notes to the financial statements. 5. Explain how income is measured, including the revenue recognition and expense-matching concepts, and describe the specific components of an income statement. 6. Compute comprehensive income and prepare a statement of stockholders’ equity. 7. Prepare a complete statement of cash flows (using both the direct and indirect methods) and provide the required supplemental disclosures. 8. Assess a firm’s financial strength by analyzing the relationships among cash flows from operating, investing and financing activities and by computing financial ratios based on cash flow data. 9. Identify the factors that motivate earnings management and list the common techniques used to manage earnings. 10. Prepare journal entries to record sales revenue, including the accounting for notes receivable, bad debts and warranties, and recognize the appropriate disclosures for presenting sales and receivables in the financial statements. 11. Discuss the composition, management and control of cash,
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This note was uploaded on 06/11/2009 for the course ACC 301 taught by Professor Pendarvis during the Spring '09 term at St. Leo.

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ACC301syllabus - ACC 301 Intermediate Accounting I Syllabus Fall 2004 Dr Deborah Pendarvis http/ COURSE DESCRIPTION

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