BUS 351 Intermediate Accounting I is the first part of a two-semester course dealing with theory and concepts as applied to financial reporting. Valuation and cost allocation problems applying to cash, receivables, inventories and investments, property, plant, and equipment and finally Intangible assets form an integral part of this course.
Prerequisites: BUS 343
Corequisite: None
Crosslisted: None
Accessibility Services Notice
Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.Course Details| Total number of weeks | 15 |
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| Total Credits | |
|---|
| Total Hours | 75 |
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Typical hours per week breakdown| Lecture | 5 |
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Learning Outcomes
Upon successful completion of this course, the learner will be able to:
- select, supported with reasons, an appropriate accounting policy.
- measure an event follow the selected accounting policy.
- prepare necessary journal entries to record an event.
- identify deficiencies in the formal financial statements and propose, with reasons for them, appropriate changes.
- value and present the Assets of the entity, using calculations.
- use allowances, net realizable values, and impairment testing on asset valuations.
- preparing the formal financial statements using Generally Accepted Accounting Principles (ASPE or IFRS) as guidelines.
- develop problem-solving and decision-making skills based on case / scenario problems.
Grading Table
| Percentage |
Letter Grade |
GPA |
| 90-100 |
A+ |
4.33 |
| 85-89 |
A |
4.00 |
| 80-84 |
A- |
3.67 |
| 76-79 |
B+ |
3.33 |
| 72-75 |
B |
3.00 |
| 68-71 |
B- |
2.67 |
| 64-67 |
C+ |
2.33 |
| 60-63 |
C |
2.00 |
| 55-59 |
C- |
1.67 |
| 50-54 |
P |
1.00 |
| 0-49 |
F |
0.00 |
| |
DNW |
0.00 |
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.