Jan 16, 2022  
2015-2016 SGPP Catalog and Handbook 
    
2015-2016 SGPP Catalog and Handbook [ARCHIVED CATALOG]

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ACCT510 Intermediate Accounting (3 cr.)


This course is a comprehensive study of financial accounting theory. Topics include the formation of Generally Accepted Accounting Principles (GAAP), financial statement presentation and valuation, revenue recognition concepts, time value of money, cash and marketable securities, accounts receivable, and inventories.

Upon completion of this course, students are expected to do the following:

  1. Research the environment of financial reporting and rule making.
  2. Apply the objectives of financial reporting to decision making.
  3. Interpret and analyze financial statements and disclosures according to GAAP including the balance sheet, income statement, statement of stockholder equity, and the statement of cash flows.
  4. Calculate and determine the appropriate value of reporting current assets.
  5. Study and use the codes of ethics for various accounting professional organizations.
  6. Know the requirements of the accounting profession concerning continuing professional education (CPE) and certifications (CPA, CIA, CMA, etc.).
  7. Analyze equity transactions and their effects on the financial statements.



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