ECON X420A - Intermediate Accounting I
27961054
Delivery Options
Online Live
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Course Description
This is the first accounting course at the professional level for students concentrating in accounting. It offers an intense examination of generally accepted principles related to the preparation of financial statements, with particular emphasis on balance sheet valuations and their relationship to income determination. It also covers the conceptual framework underlying financial accounting and introduces the concept of the time value of money and the application of present value techniques to accounting valuations. Participants will study the valuation and disclosure issues associated with cash, receivables, inventory, property, plant, and equipment in depth.Learner Outcomes
Upon successful completion of this course, students will be able to:
- Explain the regulatory environment and how institutions impact the accounting profession
- Apply financial standards and methodologies of accounting systems
- Exercise analytical skills in group exercises
- Perform effective managerial skills
Prerequisites
Suggested: Principles of Financial Accounting I/II, equivalent courses, or consent of instructor.Notes
Completion of the UCSB PaCE Professional Accounting Certification Program does not result in CPA licensure. While courses in this program may count toward the educational requirements for individual states' boards of accountancy, completion of this program will not, in itself, fulfill the education, professional experience, or examination requirements to qualify for CPA licensure. For more information about the requirements for the CPA Licensure, students should consult the State Board of Accountancy for the State or jurisdiction in which they are interested in practicing.Applies Towards the Following Certificates
- Business Accounting : Required Courses (6 Courses)
- Professional Accounting : Required Courses (9 Courses)
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