Course Description

ACC 622: Intermediate Financial Accounting

This course covers the balance sheet in more depth. Various methods of accounting for cash, marketable securities, receivables, inventories, plant and intangible assets, and long-term investments are discussed. Alternative revenue recognition methods are also discussed related to the income statement. The cash flow statement is also discussed in detail. This is a core course for those who have already taken a beginning financial accounting course and are looking to develop a deeper understanding of the accounting principles that apply to various transactions and how they impact the balance sheet and income statement.