ACCT2200 Intermediate Accounting I
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 Requirements and 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.
Learning Outcomes
The following outcomes 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
Text and References
A list of textbooks required for this course is available at the
campus store and in eServices.
Course Scheduling
The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.
Accommodations Statement
Access Services - Reasonable accommodations are available to qualified students with documented disabilities. Upon attending an intake meeting with Access Services, qualified students will receive a letter listing the approved accommodations that they may provide to their instructors. If you have a documented disability that may require accommodations, contact HTC Access Services at
AccessServices@hennepintech.edu or
https://hennepintech.edu/current-students/access-services/index.html.
Campus
Brooklyn Park Campus and Eden Prairie Campus: 952-995-1300
Credit Details