ACG 3103 - Intermediate Accounting I

3 credits
Prerequisites: ACG 2011 with a grade of “C” or better; and prior to enrolling in any upper level course (course number beginning with a 3 or 4), students must complete the following courses with a grade of “C” or better: ENC 1101 - Composition I, ENC 1102 - Composition II, and three semester hours of college level mathematics; or permission from the appropriate academic Dean
This course studies the accounting model, concepts, standards, and principles underlying the measurement and reporting of financial position, along with financial statement preparation. The major instructional emphasis is placed on a systematic and in-depth study of the financial statements and underlying records with special attention given to the elements composing working capital, investments, and assets. This is the first course in a sequence of three courses: ACG 3103, ACG 3113, and ACG 4123.