Northeast Wisconsin Technical College
10-101-131 020257 Accounting-Intermediate
Outline of Instruction

Course Information
Description10-101-131 ACCOUNTING-INTERMEDIATE ...provides the opportunity for the learner to develop the knowledge skills process and understanding of the accounting process, balance sheet, income statement, statement of cash flows, financial statements of U.S. public companies, revenue recognition, cash and receivables, inventory measurement, and the acquisition and utilization of property, plant, and equipment and intangible assets. (Prerequisite: 10-101-120, Accounting 2)
Total Credits4
Prior Learning Assessments
None
Course Competencies
  1. Follow the accounting process.
  2. Prepare a classified balance sheet.
  3. Analyze the purpose and usefulness of an income statement.
  4. Prepare the statement of cash flows using the indirect method for reporting operating activities.
  5. Analyze the financial statements of a U.S. publicly held company.
  6. Recognize revenue.
  7. Manage cash and receivables.
  8. Measure inventory during the accounting period.
  9. Measure inventory at the end of the accounting period.
  10. Account for the acquisition of property, plant, and equipment and intangible assets.
  11. Account for the utilization and disposition of property, plant, and equipment and intangible assets.