TransfermaticACCT at Orange Coast College

    ACCT A212 - Intermediate Accounting 1

    Recent Professors
    Peter Mitchell
    Recent Semesters
    Fall 2026, Fall 2025, Fall 2024, Fall 2023, Fall 2022
    Class Size
    40–45 students
    Credits
    3
    Prerequisite
    ACCT A101 or ACCT A101H .
    Fall 2026 Sections
    View Fall 2026 sections of ACCT A212
    Transfers To
    CSU
    Description
    An intensive study and application of Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS) for asset valuation, income measurement, and financial statement presentation for business organizations, including the processes through which GAAP and IAS have evolved. The emphasis in this course is on the basic financial statements and related footnotes, the time value of money, the valuation and presentation of assets, current liabilities, and related income statement accounts, and other special accounting topics. International accounting standards (IAS) will be presented parallel to GAAP due to the convergence of both sets of standards within the next five years. Suitable for CPA Exam preparation.
    Usually Held
    Wed 6:30pm–9:40pm, Thu 6:30pm–9:40pm