Intermediate Accounting I. Accounting principles and procedures essential to the preparation of financial statements.
Specific topics covered include present value concepts, cash and receivables, and inventories.
A continuation of Accounting 321 includes such topics as fixed assets and depreciation, intangibles, liabilities, stockholders equity, earnings per share and investments. A continuation of Accounting 322 and includes such topics as revenue recognition, deferred taxes, pensions, leases, error analysis, cash flows and full disclosure. 322 with grade of C or better. Income Tax Accounting. Addresses current federal income tax laws with attention given to economic, social and historic viewpoints.