Intermediate Accounting I – ACCT 301

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 10/23/2020

Course Description

This is an intensive course in accounting theory and practice. The course attempts to strike a balance between procedural explanations of currently applied accounting practices and the theoretical framework upon which those practices are based. Alternatives to current practice are also introduced.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.


The accounting student who seeks professional success in his or her career needs to understand both theory and practice in order to meet the challenges that await him or her in the future. Knowing alternatives to current practice can enhance the student’s understanding of accounting practices that may evolve in the future.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Apply accounting theory to analyze and solve complex accounting problems.
  2. Prepare financial statements in accordance with GAAP and the conceptual framework.
  3. Evaluate economic resources using the conceptual framework and GAAP.
  4. Compare and contrast GAAP and IFRS with respect to the conceptual framework and accounting for economic resources.
  5. Integrate biblical principles within the field of Accounting

Course Assignment

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. The student will create a thread in response to the provided prompt for each forum. Each thread must be at least 500 words and demonstrate course-related knowledge. The student must support his or her assertions with at least 2 citations other than the textbooks; the Bible may be 1 of those sources. In addition to the thread, the student will reply to the thread of at least 1 classmate. The reply must be at least 250 words. Citations for the replies are not required, but are encouraged.

In every module/week, the student will be assigned homework exercises, problems, and LearnSmart activities to be completed in the Connect learning environment. Time spent on each homework assignment will vary by the module/week as well as by the level of comprehension and mastery of the subject matter.

The student will submit his or her Research Paper topic for approval. After the student’s topic is approved, he or she will write an 8–10-page Research Paper (not including title and reference pages) following current APA format and using at least 5 different scholarly sources.

There will be 4 Connect Quizzes throughout the course. Each quiz will be open-book/open-notes, will cover material from the textbook and homework questions, and will be comprised of 30 questions. The student will have 2 hours to complete each quiz, and each quiz can be taken a maximum of 2 times.