Intermediate Accounting I
This is an intensive course in accounting theory and practice. The course attempts to strike a balance between procedural explanations of currently applied accounting practices and the theoretical framework upon which those practices are based. Alternatives to current practice are also introduced.
Accounting students who seek professional success in their careers need to understand both theory and practice in order to meet the challenges that await them in the future. Knowing alternatives to current practice can enhance their understanding of accounting practices that may evolve in the future.
II. Required Resource Purchases
American Psychological Association. Publication manual of the American Psychological Association (current edition). Washington, D.C.: American Psychological Association.
Spiceland, J., Sepe, J., & Nelson, M. (2013). Intermediate accounting (with connect plus) (7th ed.). Boston: McGraw-Hill. ISBN: 9780077635862.
Disclaimer: The above resources provide information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in these resources.
III. Additional Materials for Learning
A. Computer with basic audio/video output equipment
B. Internet access (broadband recommended)
C. Microsoft Word
(Microsoft Office is available at a special discount to Liberty University students.)
IV. Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
A. Apply accounting theory to analyze and solve complex accounting problems.
B. Prepare financial statements in accordance with GAAP and the conceptual framework.
C. Evaluate economic resources using the conceptual framework and GAAP.
D. Compare and contrast GAAP and IFRS with respect to the conceptual...