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Business Administration: Intermediate Accounting I

BSAD 161 A (CRN: 90898)

3 Credit Hours

About BSAD 161 A

Study of how corporations account for and present the results of their financial activities. Emphasizes accounting for assets, current liabilities, and the related revenue and expenses. Provides overview of the four primary financial statements and accompanying notes. Prerequisites: BSAD 060, BSAD 061; Business Administration major or Accounting minor; Minimum Junior standing.


Prereqs enforced by the system: BSAD 060 and BSAD 061; BSAD majors, BSAD, ACCT minors; Minimum Junior standing; Required course specific fee of $25; Open to degree and CDE students

Section Description

Intermediate Accounting I reviews the structure of the accounting standards established by the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Although intended primarily for accounting majors, the course also benefits those pursuing a career in corporate finance or the securities industry. The course concentrates on the basics of financial accounting and the composition and usefulness of the four basic financial statements. It uses a systems approach to address accounting and reporting issues in the sales cycle (revenue recognition, accounts receivable, including the allowance for doubtful accounts, notes receivable, cash receipts, and accruals), the purchase cycle (inventory, noncurrent assets, accounts payable, cash disbursements, depreciation and impairments); and accounting for investment securities. As such, by the end of the course, you should have a good understanding of most asset accounts, and the accounts commonly included within current liabilities. You will also be able to identify when revenue should be recognized, when various expenses are incurred, and how these activities affect the Statement of Cash Flows. Both U.S. generally accepted accounting principles (GAAP) developed by the FASB and International Financial Reporting Standards (IFRS) developed by the IASB, will be covered in the course.

Section Expectation

Class attendance, willingness to devote appropriate time to the subject matter.


Graded components include: Term Exams (3); comprehensive final exam; online homework; quizzes; professional research memos (3); current events discussion papers (3).




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