Oct 01, 2023  
2022-2023 Westminster College Catalog 
2022-2023 Westminster College Catalog [ARCHIVED CATALOG]

ACC 305 - Intermediate Accounting I

Semester Hours: 4

A two-semester advanced study of accounting principles as they relate to the preparation, form, content and decision usefulness of financial statements. Selected topics include the conceptual framework of accounting, current professional pronouncements, revenue recognition, income determination and presentation, asset valuation and measurement, liability and equity reporting and financial statement analysis.

Prerequisite: ACC 201  and ACC 202  for ACC 305, and ACC 305 for ACC 306 .