Credits 5 / 5 Contact Hours Pre-requisite: Placement into ENGL-100 (ACSR-100) or completion of RDNG-030, ACLT-075 or ACLT-076; ACCT-202 with a minimum 2.0 grade. Intermediate Accounting I concentrates on financial accounting and reporting in accordance with generally accepted accounting principles. Topics include a review of principles of accounting and reporting accounting for most assets time value of money concepts and revenue recognition.