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.