BUSN 0205 - Intermediate Accounting

3 Credit Hours

The course covers the history of standards setting and the conceptual framework in accounting to include solving of problems that arise in the presentation of cash, receivables, inventories, and tangible and intangible assets on the balance sheet and its impact on the statement of earnings in accordance with the generally accepted accounting principles and the international financial reporting standards.

Pre-requisites: Completion of BUSN 0101 - Accounting I (T►) and BUSN 0102 - Accounting II (T►) with a grade of “C” or higher in each. Effective Spring 2005, if you are a Business major, you must have a “C” or better in all business courses to meet the requirements of the business degree programs.