Course: ACCT 350. Intermediate Financial Accounting I (3)
Prerequisites: Junior class standing and Pre-Accountancy major. An overall and CSUN GPA of 3.2 or higher for continuing CSUN students or an overall GPA of 3.2 or higher for first semester transfer students. Grades of “B” or higher in ACCT 220 and ENGL 205, as well as a “C” or higher in ACCT 230, BLAW 280, ECON 160, ECON 161, IS 212, MATH 103 and SOM 120 (or MATH 140BUS). The first course in the intermediate financial accounting sequence. Covers the theory of financial accounting as well as the accounting process, with an emphasis on the accounting system and related technical skills such as transaction analysis and conversion from cash basis to accrual basis. Also covers concepts and techniques for developing a business style of writing and creating documents used for communication. Additional subjects include accounting standard setting and the conceptual framework, data analytics, and engaging in case analysis and accounting research using the FASB Accounting Standards Codification.