AC 221 - Intermediate Accounting I

Two-semester examination of financial accounting concepts and theories, the financial reporting process, financial statements, and accounting for asset, liability, and shareholders’ equity accounts in greater depth. Topics also include time value of money, accounting for investments, bonds, leases, and income taxes, plus earnings per share and financial disclosures.

Prerequisites: Grade of B or better in AC 141 or permission of the instructor.

Full course