BBA407: Intermediate Accounting I

Credit Hours:

Estimated Hours Per Week:

Overview

This course focuses on increasing students’ abilities to analyze and apply concepts and techniques grounded in Generally Accepted Accounting Principles for economic decision-making. Students will investigate a wide range of related topics including:

Accounting standards and the conceptual framework
Accounting information systems
Income statement
Balance sheet and statement of cash flows
Time value of money
Cash and receivables
Inventories
Property, plant and equipment

Course Learning Objectives

Upon successful completion of this course, students will be able to:

Determine the appropriateness of journal entries based on generally accepted accounting principles.
Describe the Accounting Information system.
Prepare an income statement.
Prepare a balance sheet and statement of cash flows.
Apply present and future value calculations for single and annuity payments/receipts relative to financial statement and report preparation.
Apply internal control concepts and techniques in measuring and analyzing cash, receivables, and related accounts.
Apply various inventory measurement methods and inventory reporting issues.
Analyze asset measurement stages (e.g., acquisition, allocation, disposition) relative to their impact on financial information and decision-making.

ENROLLMENT

To enroll in this course, please complete the online application.

Special Requirements

To complete assignments in this course, students must have access to Microsoft Office including Word and Excel.

Prerequisites

BBA 306

Required Texts
BBA407 texts are available from the JIU/Follett Bookstore