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Sep 07, 2024
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ACTG 241 - Intermediate Financial Accounting I Credit(s): 4
Prerequisite(s): ACTG 202 . This course is designed for students wishing to pursue accounting as a major. It covers the environmental and conceptual framework of financial accounting, the accounting process and financial statements, time value of money, cash and receivables, advanced inventory issues, advanced problems in long-term assets, and intangible assets. (Fall Semester)
Course Learning Outcomes: Upon completion of the course, students will be able to - Use appropriate accounting terminology.
- Recall conceptual accounting framework.
- Use data, exercise judgments, evaluate risks, and solve real-world accounting problems.
- Improve skills in preparing, understanding, and explaining financial statements.
- Demonstrate an awareness of historical and contemporary events affecting the accounting profession.
- Explain the nature of the accounting profession.
- Develop effective communication skills through reading, listening, writing, and speaking.
- Locate and organize accounting information.
- Work effectively in groups to provide leadership when appropriate.
- Develop effective learning strategies for future learning.
- Make value-based judgments based on professional ethics.
- Identify and solve unstructured accounting problems in unfamiliar settings.
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