Intermediate Accounting I: Comprehensive Study of Accounting

School: Colorado State University-Global Campus (Online) - Course: ACT 350 - Subject: Accounting

ACT350: INTERMEDIATE ACCOUNTING I Credit Hours: 3 Content Hours:This is a 3-credit course, offered in an accelerated format. This means that 16 weeks of material is covered in 8 weeks. The exact number of hours per week that you can expect to spend on each course will vary based upon the weekly coursework, as well as your study style and preferences. You should plan to spend 14-20 hours per week in each course reading material, interacting on the discussion boards, writing papers, completing projects, and doing research. Faculty Information:Faculty contact information and availability can be found on the announcements. COURSE DESCRIPTION AND OUTCOMES C o u r s e P r e r e q u i s i t e K n o w l e d g e : None C o u r s e D e s c r i p t i o n : This course provides a comprehensive study of accounting principles and financial statements using automation, business intelligence, data analytics, and other digital technologies in performing measurement and valuation related to the assets and current liabilities on the balance sheet. Students will develop an understanding of the intersection of artificial business intelligence with financial reporting and the codification of accounting standards. Students will use automation in financial statement analysis through the interpretation of data and financial statement disclosures. Students will analyze real-world situations through case studies, research accounting and

4/5/23, 9:37 AMSyllabus for 22WD-ACT350-1 https://csuglobal.instructure.com/courses/75516/assignments/syllabus2/7automation concepts, and apply IFRS standards to GAAP standards. Students will present an assessment of the effect each standard may have on a situation, communicate findings, and facilitate workplace solutions in a team-based environment. C o u r s e L e a r n i n g O u t c o m e s : 1. Describe the role of accounting as an information system in the context of the underlying conceptual framework and the convergence between U.S. GAAP and IFRS. 2. Recognize the major policy-setting bodies in the field of accounting and their roles in the standard-setting process. 3. Describe the common business operating practices used to analyze the effects of related transactions on the financial position of an organization. 4. Apply the mechanics of double-entry accounting including preparation of the accrual-basis financial statements using artificial intelligence (AI). 5. Explain the objectives, uses, and limitations of general-purpose financial statements. 6. Evaluate the time value of money and its effects on discounting and compounding techniques to the analysis of cash flows. 7. Analyze the impact of GAAP and IFRS on the measurement, valuation, and related effects of transactions involving assets and current liabilities.