ACCT 250 Intermediate Accounting I • 5 Cr.


In-depth examination of theoretical foundations of Accounting. Topics include cash flow, revenue recognition, lease accounting, and advanced financial reporting. Prerequisite: ACCT 102 or ACCT&202 with a C or better, or entry code.


After completing this class, students should be able to:

    • Explain the application of the FASB Conceptual Framework.
    • Apply ethical decision making.
    • Analyze the decision making and measurement processes to prepare financial statements.
    • Apply accounting principles to the recognition and recording of assets, liabilities and equity.
    • Use mathematical methods to calculate and record the time value of money.
    • Calculate and apply inventory measurements and explain inventory cost flow assumptions.
    • Calculate and apply depletion, depreciation and amortization methods.