Intermediate Financial Accounting 1

Intermediate Financial Accounting 1
Financial reporting issues for balance sheet, income statement, and cash-flow statement. Revenue recognition, accounting for long-term assets, investment securities, and derivative instruments; consolidation.
 Hours4.0 Credit, 4.0 Lecture, 0.0 Lab
 PrerequisitesAdmission to SOA.
 TaughtFall, Winter
 ProgramsContaining ACC 403
Course Outcomes: 

Apply Financial Accounting Procedures

Apply financial accounting standards and concepts to different business situations (technical accounting knowledge).

Evaluate Ethical Considerations

Apply ethical considerations to financial reporting issues (ethical reasoning skills).


Gain exposure to the tools and literature that professional accountants use on the job (technical accounting knowledge).


Learn to work with a team and under pressure with substantial time constraints (professional development).

Data Analytics

Use innovative data analytic tools to improve financial accounting estimates and the quality of financial information (exposure to cutting edge tools and critical thinking skills).