Acctg
330 Intermediate Accounting I
Course Overview
Acctg 330 is the first in a two-course series in intermediate financial accounting.
Within the business curriculum at WSUV, this series has as its overall objective
to help students read and analyze financial statements. Much attention is given
to examples from current accounting practice and the reporting requirements promulgated
by the Financial Accounting Standards Board. Our focus is on an external user
perspective and financial accounting standards promulgated in the United States;
however, international contrasts and/or consistencies are brought into the discussion
of many of the topics.
The course is for students preparing to become practicing accountants in either the public or private sector. Valuable background is provided for those looking forward to various managerial or financial careers also.
The series covers many of the topics included in several professional qualifying examinations.
3 credits.
Course Objectives
Upon completion of this course, students will be able
to:
- Demonstrate an understanding of the conceptual framework of financial reporting with particular emphasis on the underlying assumptions, principles and constraints of the financial accounting model.
- Evaluate current practice in the light of the conceptual framework.
- Apply analytical techniques, appropriate and supported by generally accepted accounting principles, to solve problems.
- Analyze relationships among various accounts in financial reporting
to compare/contrast firms' trends and abilities.
- Identify and evaluate an ethical financial reporting issues and support a recommendation concerning the issue.
- Distinguish United States and international accounting practice in certain topic areas.
- Demonstrate an understanding of the accounting profession, including the organizations which support it, the career paths available, and the attributes necessary to become a successful member.
Course Prerequisites
Acctg 231, MIS 250.
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