This course starts with a review of the accounting cycle and discussion of accounting concepts and principles. It is the first half of a two-part course in intermediate-level financial reporting. Topics covered include a conceptual framework, income statement and retained earnings statement, balance sheet and disclosure notes, cash flow statement, revenue and expense recognition and measurement, current monetary balances, inventory and cost of sales, capital assets, goodwill and deferred charges, amortization and impairment and investments in debt and equity securities.
Minimum Credits: 3 Length: 45 hours Prerequisites: A minimum grade of C- (55%) in ACCT 262 and a minimum grade of C- (55%) in either MATH 101, MATH 103 or MATH 111. Delivery Method: On-campus, Online Cost: $358.14 Course Outline: https://sps.cotr.bc.ca/Outlines/Course Outlines/ACCT373.pdf