Intermediate Accounting I (ACC201)
  • Type Validation
  • Level Foundational
  • Time Months
Additional Details

Intermediate Accounting I (ACC201)

Issued by Penn Foster

The course objective is to provide students with the knowledge to apply accounting theory, concepts, and procedures to financial problems. Topics covered include computing earnings per share; lease transactions; income tax accounting; cash flow information; pension and benefit information; and financial statement analysis.

  • Type Validation
  • Level Foundational
  • Time Months
Additional Details

Skills

Earning Criteria

  • The methods of assessment include quizzes, examinations, and a comprehensive proctored final exam with a minimum passing score of 70 percent.
  • The methods of instruction include practical exercises, textbook, and a digital study guide. The general course topics include role of accounting as an information system 1; role of accounting as an information system 2; valuation and reporting of current economic resources; and valuation and reporting of long-term assets.