ACT 201 Intermediate Accounting I

COURSE NAME:  ACT 201 INTERMEDIATE ACCOUNTING

Course Description (Detailed Syllabus is released upon registration)

Students will learn intermediate accounting principles.  Upon completion of this course students will be able to: 1) describe general ledgers and journals, journalize transactions verify debits equal credits, and post from the general journal to the general ledger, 2) outline financial statements; capital account balances, balance sheets, use percentages and ratios for financial statement with accruals and deferrals, 3) define banking vocabulary and accounting of specific details of business-related forms and documents, establish and valuation of bonds and equities, and 4) describe the manual and computerized accounting systems, types of accounting software and NPV and IRR associated with long-term investments.

Prerequisites

None

Required Resource Purchases

Textbook’s name, author’s name, and the ISBN will be released to the students upon registration.  . 

Software and additional resources, including author’s name and the ISBN will be released to the students upon registration.    

Additional Materials for Learning

1. Access to a printer or printing shop such as FedEx Kinko’s
2. Access to high speed Internet and a reliable computer
3. E-mail account that will be checked daily

Course Grading and Policies

1. Points from:  Lessons, Assignments, Tests, Classroom Discussion, and Course Portfolio are factors in grade point calculation.
2. A = 90% – 100%, B = 80% – 89%, C = 70% – 79%, D = 60% – 69%, F = 59% and Below.
3. Late Assignment Policy: If unable to complete assignments or tests on time, please contact your instructor before the due dates.  Assignments or tests submitted after the due date without appropriate excuse and pre-approval will receive a zero score.

Award Upon Completion

The student will receive 3 Credit Hours upon completion of this course.