A continuation of BUS 101 that includes a study of long-term liabilities, stockholders' equity transactions, and preparation of the cash flow statement.
Prerequisite(s): BUS 101.
BUS 101 Intermediate Accounting 1 (3 hours)
A study of accounting theory and procedure and the preparation of financial statements for corporations. Subjects include present value concepts and the measurement, recording, and presentation of cash receivables, inventory income, fixed assets, and intangible asset transactions.
Prerequisite(s): BUS 002 or permission of the instructor.