Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: COPE-0005 Organization's ID: B648 Organization: Cope Institute Location: Classroom-based Length: 45 hours (15 sessions) Dates Offered: 11/1/2019 - 10/31/2022 12/1/2011 - 10/31/2019 7/1/2005 - 11/30/2011 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Upper-Division Baccalaureate 3 Intermediate Accounting or Financial Accounting Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to provide the student with a review of basic accounting theory and an in-depth analysis of the asset side of the balance sheet and the related income statement accounts, as each pertains to valuation and reporting practices. Learning Outcomes: Analyze and record transactions using journal entries and describe the different types of adjusting journal entries Describe the four basic financial statements, identify and describe the various balance sheet asset classifications, and discuss the importance of income from continuing operations and describe its components Compute the future value and present value of a single amount as well as annuities Describe the accounting treatment of anticipated uncollectible accounts receivable Describe the variables that influence a company's investment in receivables and calculate the key ratios used by analysts to monitor that investment Describe the function and primary focus of financial accounting and explain the difference between cash and accrual accounting Discuss the primary differences between U.S. GAAP and IFRS with respect to the development of accounting standards and the conceptual framework underlying accounting standards Understand routine economic events, transactions, and determine their effects on a company's financial position and on specific accounts Differentiate between a perpetual inventory system and a periodic inventory system and between the specific identification, FIFO, LIFO, and average cost methods used to determine the cost of ending inventory and cost of goods sold Identify the various costs included in the initial cost of property, plant, and equipment, natural resources, and intangible assets and explain the concept of cost allocation as it pertains to property, plant, and equipment and intangible assets. General Topics: Elements of financial accounting and accounting standards Conceptual framework underlying financial accounting and accounting information systems Balance sheet and income statement disclosures and related information Revenues and cash flows Accounting for cash and receivables Accounting for inventories Accounting for property, plant and equipment Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Classroom Exercise Discussion Lectures Methods of Assessment: Examinations Quizzes Written Papers Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Page Content