8/31/2024 11:21:53 PM |
| Changed Course |
CATALOG INFORMATION
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Discipline and Nbr:
BAD 55 | Title:
INTERMEDIATE ACCOUNTING |
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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:
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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:
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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: | | |
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CSU GE: | Transfer Area | | Effective: | Inactive: |
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IGETC: | Transfer Area | | Effective: | Inactive: |
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CSU Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
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UC Transfer: | | Effective: | | Inactive: | |
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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:
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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:
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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
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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:
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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:
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Intermediate Accounting. 11th edition. Spiceland. McGraw Hill. 2022
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