This is the first of two courses that constitute intermediate financial accounting. In these courses, generally accepted accounting principles and the basic assumptions underlying financial accounting decisions are examined in detail. Specific topics in this course include the Statement of Cash Flows, receivables, short- and long-term investments, and tangible and intangible capital assets.

Prerequisite - COMM 111 or COMM 211

This course is restricted to students enrolled in the 3rd or 4th year of their program.