AC 313 - Intermediate Accounting I

This accounting course provides instruction in practical application within the conceptual framework of financial accounting. Instruction in this course provides the theoretical supports as well as technical skills needed for decision making and problem solving within the financial reporting environment, including discussion and application of accounting systems. It also covers changes of stockholders’ equity, cost measurement and flow assumptions, revenue recognition, special valuation issues, acquisition and disposition of fixed assets, measuring and reporting intangible assets, and valuation of depreciation and depletion methods. Semester Credit Hours: 3.00 Contact Hours: 45/0/0/45 Prerequisite: AC 216 Accounting II. Corequisite: None.