Spiceland, J. David, James F. Sepe, and Mark W. Nelson.  Intermediate Accounting (8th edition).  United States:  McGraw-Hill Irwin, Packaged with Connect. You are expected to have the textbook in your possession the first week of class.

Advanced study of accounting practices with emphasis on the conceptual framework and principles, the financial statements, their elements and supporting schedules, and the time value of money. Emphasis will be placed on assets.

Students will

…explain the environment and functions of financial accounting

…identify and perform the elements of the accounting cycle

…solve time value of money problems and applications

…record, report, and value assets           

…measure, record and report current liabilities and contingent liabilities

…understand the roles and responsibilities of accountants to insure the integrity of financial and other business information