INTERMEDIATE ACCOUNTING I

  • Program: Accounting Careers
  • Course: Intermediate Accounting I
  • Course #: ACCT2200
  • Total Credits: 4

Course Description

This course is an overview of financial accounting and its theoretical foundation including a conceptual framework of accounting for financial statements. It includes an in depth study of specific assets and present and future value concepts.

Course Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Disability Services

Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).

Course Goals

The following goals will be addressed in the course:
Identify philosophical and authoritative foundations of the accounting profession
Record entries needed to complete the accounting cycle
Prepare required notes to financial statements for the Balance Sheet using accepted accounting procedures
Prepare the Income Statement using accepted accounting procedures
Prepare the Statement of Cash Flow using accepted accounting procedures
Describe the motivations and techniques for earnings management
Record the transactions within the revenue/receivable/cash cycle
Record revenue using various methods of revenue recognition
Calculate inventory and cost of goods sold using accepted accounting methods
Prepare entries to record the acquisition of noncurrent assets
Prepare entries to record utilization of noncurrent assets
Record the retirement of noncurrent assets

Credit Details
  • Lecture: 4
  • MnTC Goal: 0
Course Details
  • Prerequisites:  ACCT1107
  • Campus: Brooklyn Park/Eden Prairie

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