12/27/2024 9:03:09 AM	BAD 55 Course Outline as of Fall 2023	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  BAD 55	Title:  INTERMEDIATE ACCOUNTING
Full Title:  Intermediate Accounting
Last Reviewed:4/11/2022

Units		Course Hours per Week			Nbr of Weeks	Course Hours Total
Maximum	3.00	Lecture Scheduled	3.00		17.5 max.	Lecture Scheduled	52.50
Minimum	3.00	Lab Scheduled	0		6 min.	Lab Scheduled	0
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	52.50
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  105.00

Total Student Learning Hours: 157.50

Title 5 Category:  AA Degree Applicable
Grading:  Grade or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:

Students will learn intermediate accounting with theory and practical applications including the accounting process, income measurement, balance sheet preparation, cash flow and the valuation of receivables, inventories, plant, equipment, and intangible assets.

Prerequisites/Corequisites:
Course Completion of BAD 2

Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description:

Students will learn intermediate accounting with theory and practical applications including the accounting process, income measurement, balance sheet preparation, cash flow and the valuation of receivables, inventories, plant, equipment, and intangible assets.

(Grade or P/NP)
Prerequisites:Course Completion of BAD 2
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:		Inactive:
Area:
CSU GE:	Transfer Area			Effective:	Inactive:
IGETC:	Transfer Area			Effective:	Inactive:
CSU Transfer:	Transferable	Effective:	Fall 1981	Inactive:
UC Transfer:		Effective:		Inactive:
C-ID:

Certificate/Major Applicable: Certificate Applicable Course

COURSE CONTENT

Student Learning Outcomes:
At the conclusion of this course, the student should be able to:

1. Complete the steps in the accounting cycle and apply Generally Accepted Accounting Principles (GAAP) to determine how transactions are recorded and reported.

2. Analyze, record, summarize, and report the effects of financial transactions for decision making purposes.

3. Use computer technology applications to complete assignments.

 

Objectives:

At the conclusion of this course, the student should be able to:

1.  Utilize advanced financial accounting concepts.

2.  Analyze financial statements.

3.  Compare accrual accounting to cash flow accounting.

4.  Differentiate current assets from other types of assets.

5.  Differentiate current liabilities from other types of liabilities.

6.  Examine the different methods allowed for inventory accounting.

Topics and Scope

I.  Framework of Accounting

     A. Basic concepts

        1. Accrual accounting

        2. Cash flow accounting

    B. Accounting principles

    C. Accounting assumptions

    D. Accounting constraints

    E. Accrual vs. cash accounting

II.  Analyzing Financial Statements

    A. Balance sheets

     B. Income statements

    C. Statement of retained earnings

    D. Cash flow statement

III.  Cash, Temporary Investments, and Other Current Assets

IV.  Receivables, Bad Debts, and Liquidity Issues

V.  Inventory

    A. Inventory accounting

    B. Cost procedures

VI.  Current Liabilities and Contingencies

VII.  Land, Building, and Equipment (Capital Accounts)

    A. Acquisition cost

    B. Use

    C. Sale and disposal

    D. Depreciation

VIII.  Other Assets  

     A. Natural resources

    B. Amortization

    C. Depletion

Assignments:

1.  Textbook readings

2.  Solve accounting homework problems

3.  Written analysis of accounting homework problems

4.  Quizzes and exams

Methods of Evaluation/Basis of Grade.

Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.		Writing 5 - 25%
Written analysis of homework problems
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 15 - 50%
Homework problems
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.		Exams 25 - 60%
Quizzes and exams
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 0 - 0%
None

Representative Textbooks and Materials:

Intermediate Accounting. 11th edition. Spiceland. McGraw Hill. 2022

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