ACCT 2030 - Intermediate Accounting I Academic Division: Business, Industry and Technology Academic Discipline: Accounting (01201) Assistant Dean: Brooke Miller, M.B.A. 3 Credit(s) An analysis of current accounting treatments of financial statement items. Emphasis is given to an evaluation of the theory underlying modern accounting practices, as well as to the comprehensive study of the accounting techniques involved. Undergraduate 3 Lecture Hour(s); Required Prerequisite Course(s): Take ACCT 1010
Required Concurrent Course(s): None
Required as Prerequisite or Concurrent Course(s): None
College Wide Outcomes
College-Wide Learning Outcomes |
Assessments - - How it is met & When it is met |
Communication – Written |
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Communication – Speech |
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Intercultural Knowledge and Competence |
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Critical Thinking |
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Information Literacy |
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Quantitative Literacy |
Revenue Recognition scenarios – Quantitative Literacy VALUE Rubric – End of term.
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Student Learning Outcomes for Course
Outcomes |
Assessments – How it is met & When it is met |
1. Summarize the objectives of financial reporting and explain the meaning of generally accepted accounting principles (GAAP).
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Graded homework- End of Term.
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2. Analyze the usefulness of a conceptual framework and explain the basic elements of financial statements along with the basic assumptions and constraints considered in financial reporting.
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Graded homework – End of Term.
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3. Apply basic accounting terminology and its use in the business community and demonstrate the various steps in the accounting cycle and double-entry rules.
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Graded homework – End of Term.
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4. Evaluate the uses and limitations of a balance sheet and prepare classified balance sheets.
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Graded homework – End of Term.
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5. Evaluate uses and limitations of an income statement and prepare income statements in different formats. The student will also be able to prepare a retained earnings statement.
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Graded homework –End of Term.
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6. Evaluate the statement of cash flows, including its content and formats, and prepare a statement of cash flows.
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Graded homework –End of Term.
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7. Analyze and apply the revenue recognition principle. |
Exam – End of Term. |
8. Analyze cash and cash equivalents, including how they are reported.
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Exam – End of Term. |
9. Analyze the accounting issues related to the recognition, valuation, and reporting of receivables.
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Exam – End of Term. |
Standard Grading Scale 93-100 A
90 - 92 A-
87- 89 B+
83 - 86 B
80 -82 B-
77- 79 C+
73 - 76 C
70 -72 C-
67- 69 D+
63 - 66 D
60 -62 D-
00- 59 F
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*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation, Standard NCSC Course Policies Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link
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