Nov 22, 2024
OHIO University Graduate Catalog 2021-22
ACCT 5010 - Intermediate Accounting Concepts
This course studies the conceptual framework of accounting, disclosure standards for general purpose financial statements, and measurement standards for cash, receivables, inventories, tangible and intangible operating assets, investments, liabilities, and associated revenues and expenses, including application of compound interest techniques. Measurement and reporting standards for contingencies, stockholders’ equity, and special problems associated with revenue recognition are also studied.
Requisites:
Credit Hours: 3
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
- Students will be able to explain the conceptual framework surrounding financial accounting standard setting.
- Students will be able to identify transactions and their effect on the accounting equation.
- Students will be able to analyze and record transactions and build financial statements.
- Students will be able to utilize revenue recognition principles.
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