ACCT 2230 Intermediate Accounting I
The primary function of financial accounting is to provide useful financial information to users external to the business enterprises. The focus of financial accounting is on the information needs of investors and creditors. This course is a study of accounting principles and procedures with emphasis on analysis, interpretation, and controls required for both the business and providing external entities useful financial information. Financial statements studied include balance sheet, income statement and statement of cash flows. Besides financial statements, students will study income measurement and profitability analysis, time value of money concepts, and inventories. Prerequisite: Completion of
ACCT 1020. (3 lect.)