Jul 17, 2024  
2024-2025 Academic Catalog 
2024-2025 Academic Catalog
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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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