ACCTG 5110 - Intermediate Financial Accounting I

Upper Division Status. First of a three course sequence covering financial accounting. Financial reports are the main way that companies communicate their performance to investors and other key stakeholders. The focus of this class is to introduce the role of financial reporting in providing relevant and reliable information to shareholders, creditors, employees, and other stakeholders. We study the measurement and reporting of revenues and expenses, as well as how to record assets on the balance sheet. The course is intended to help students understand and analyze the balance sheet, income statement, and statement of cash flows.