This is the first course in the 3-course Intermediate Accounting sequence and covers the interpretation, use, processing, and presentation of accounting information and the preparation of principal accounting statements.
Understand generally accepted accounting principles, their application to the basic accounting process, and up-to-date coverage of IFRS
Explore the conceptual framework of accounting, valuation, recording, presentation of the balance sheet, income statement, and statement of cash flows
Review time value of money concepts, as well as, accounting for cash, receivables, and the first part of inventories
About this course:
This is the first course in the three-course Intermediate Accounting sequence. MGMT X 120A covers the interpretation, use, processing, and presentation of accounting information and the preparation of principal accounting statements. Topics include an overview of the conceptual framework of accounting; valuation; recording; and presentation of the balance sheet, income statement and statement of cash flows. Students are introduced to time value of money concepts, as well as accounting for cash, receivables and the first part of inventories. Transferable for UC credit.
Prerequisites
MGMT X 1A and MGMT X 1B Principles of Financial Accounting and MGMT X 422 Cost Accounting and Analysis, or consent of instructor.
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