Intermediate Accounting I

Student Learning Outcomes, Goals, Objectives:

Students successfully completing this course will be able to:

• Understand the theory and practice underlying the measurement and presentation of financial information in accordance with generally accepted accounting principles (GAAP) as it relates to topics covered in this course.
• Examine and analyze issues within the context of the conceptual framework developed by the Financial Accounting Standard Board (FASB). This framework emphasizes the relevance and reliability of financial information to financial-statement users, primarily investors and creditors. Topics covered include the FASB conceptual framework, the primary financial statements and the accounting and reporting (in financial statements as well as supporting disclosures) of cash, receivables, inventory, property plant and equipment, intangible assets, current liabilities, and noncurrent liabilities.
• Understand international financial accounting standards. Consistent with The Bryan School’s global focus and with current developments in accounting, attention will be paid to International Accounting theory and practices. This will be mainly accomplished by the introduction of IFRS at the same time similar materials involving U.S. theory and practices are presented.
• Gain experience in the use of MS Excel.
• Apply course concepts in Excel Data Analytics assignments requiring analysis of a given data set

Course Chapter Learning Objectives

• Explain the Conceptual Framework (Chapter 2)
• Develop the ability to apply the conceptual framework to address an accounting and/or a reporting problem (All chapters)
• Demonstrate the ability properly account for and report major assets and liabilities under current GAAP (All chapters).
• Demonstrate improved ability to understand and use information reported in the primary financial statements (All chapters).
• Demonstrate the ability to prepare primary financial statements in good form (Chapters 5-6)
• Demonstrate critical thinking through the analysis of information reported in financial statements and the notes to the financial statements (All chapters after chapter 2).

Course Grading Information:

Activity/Performance Measure	Percentage/Points
Online Quizzes	5%
In-class quizzes and activities	5%
Brief Exercise Homework	7.5%
Exercises and Problems Homework	12.5%
Microsoft Excel Certification Attempt	5%
Exams (3 exams weighted equally)	45%
Final Exam	20%

Attendance/Participation:

Attendance/participation is not a graded component included in the student's final grade for this course.

Course Materials Purchased by the Students:

Intermediate Accounting, 4th edition. Gordon, Ready & Sannella, including MyAccountingLab (MAL) (note this is provided by the bookstore under the First Day inclusive access program but you may opt out).