Accounting 313

ACTG 313:Intermediate Accounting I

Prerequisites ACTG 212

Credit Hours: (3)

ACTG 313 treats topics of financial accounting such as future and present value concepts, cash, receivables, short-term investments and fixed assets.


Detailed Description of Content of Course

 Fundamental Processes

a. Statement of financial position
b. Statement of income and retained earnings
c. The accounting process

Working Capital

a. Cash and temporary investments
b. Receivables
c. Inventories-general valuation procedure
d. Inventories-estimating procedure in valuation
e. Current liabilities

Non-current Assets and Liabilities

a. Investments-equity securities
b. Investments-bonds, funds and miscellaneous items
c. Property, plant and equipment-acquisition, use and retirement
d. Plant and equipment-special valuation problems
e. Intangible assets
f. Non-current liabilities


Detailed Description of Conduct of Course

Lecture format with class discussion of problem assignments.


Goals and Objectives of the Course

1. Students should understand the theoretical foundation of accounting and the theory underlying asset accounting and liability accounting.
2. Students should understand how the generally accepted accounting principles for the aforementioned areas are applied.


Assessment Measures

Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, pc projects, class preparation and participation.


Other Course Information


Review and Approval

Date Action Reviewed By
September 10, 2001 Reviewed Dr. Dan Davidson, Chair