ACCT 305 Intermediate Accounting

This course builds on the principles presented in Financial Accounting (ACCT 204). Students acquire detailed knowledge of concepts and procedures of financial accounting statements, assets, liabilities, owner’s equity, and statement analysis, as well as in-depth information on the process of accounting for fixed assets, depreciation, amortization, long-term debt, contingencies, recognition and measurement of income, accounting for proprietorships, partnerships, determination, and disclosure of significant accounting policies.