ACCT 250 Intermediate Accounting I • 5 Cr.


In-depth examination of theoretical foundations of Accounting. Topics include cash flow, revenue recognition, lease accounting, and advanced financial reporting. Prerequisite: ACCT 102 or ACCT&202 with a C or better, or entry code.


After completing this class, students should be able to:

  • Explain the application of the FASB Conceptual Framework. 
  • Apply ethical decision making. 
  • Analyze the decision making and measurement processes to prepare financial statements.
  • Apply accounting principles to the recognition and recording of assets, liabilities and equity. 
  • Use mathematical methods to calculate and record the time value of money. 
  • Calculate and apply inventory measurements and explain inventory cost flow assumptions. 
  • Calculate and apply depletion, depreciation and amortization methods.