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INTERMEDIATE ACCOUNTING - PART 1
6 units
Pre-requisite: FA 111, FA 122
This course is designed for the student who has completed the
fundamentals accounting courses. It covers topics on accounting
and its environment, the conceptual framework for financial
accounting generally accepted principles, the recognition,
measurement, and statement presentation of asset items in the
balance sheet. The course also deals with the current trends
in accounting for balance sheet and income statement items
based on Philippine Financial Reporting Standards (PFRS) set
by the Financial Reporting Standard Council. It requires the
development of greater in-depth understanding, higher level of
analytical and critical thinking in the student.
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