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Master Syllabus

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Administrative Unit: Business Administration Department
Course Prefix and Number: ACCT 382
Course Title: Intermediate Accounting I
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog Description: Development of accounting theory and practice as applied to: the institutional structure of financial accounting, conceptual framework and financial reporting, overview of accounting systems, review of accounting procedures, income statement, balance sheet, statement of cash flows, cash, receivables, valuation of inventories and cost of goods sold, and time value of money. Prerequisite: ACCT 281.
Prerequisite(s) / Corequisite(s): ACCT 281.
Course Rotation for Day Program: Offered Fall.
Text(s): Most current editions of the following:

Most current edition of one of the following:

Intermediate Accounting
By Kieso, Donald E., Jerry J. Weygandt, and Terry D. Warfield (Wiley)
Intermediate Accounting
By Stice, James, Earl Kay Stice, and Fred Skousen (ITP)
Course Objectives
  • To apply accounting theory to financial accounting problems and to financial statements.
  • To engage in oral and written communication, as well as critical and creative thinking.
  • To develop skills in information technology, self-study and applied research.
  • To promote ethical awareness and professional responsibilities.
    Measurable Learning
  • Describe the institutional structure of financial accounting.
  • Describe the conceptual framework of financial reporting.
  • Describe how to conduct an overview of accounting procedures.
  • Prepare and interpret the income statement, balance sheet, and statement of cash flows.
  • Demonstrate the accounting and control of cash and receivables.
  • Demonstrate the valuation of inventories and cost of goods sold.
  • Calculate the time value of money.
    Topical Outline:

  • Financial accounting and accounting standards
  • Conceptual framework
  • Accounting information systems
  • The income statement
  • The balance sheet and cash flow statement
  • Time value of money
  • Cash and receivables
  • Valuation of inventories and cost of goods sold


    Recommended maximum class size for this course: 30

    Library Resources:

    Online databases are available at the Columbia College Stafford Library.  You may access them using your CougarTrack login and password when prompted.

    Prepared by: Thomas Stauder Date: May 10, 2013
    NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.

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