Welcome to the Course!

Instructor: Wayne Thomas

Senior Associate Dean for Faculty and Research Innovation

David C. Steed Chair and George Lynn Cross Research Professor

Email: wthomas@ou.edu

Live Class Session (Wednesday 7:00-8:30pm Central)

Zoom: https://oklahoma.zoom.us/j/98466227380?pwd=V1BpT1pIdmtDYkhiNHlBRlZ0bnBxZz09 (Links to an external site.)

Meeting ID: 984 6622 7380

Passcode: liveclass

Anonymous Course Comments

See the Syllabus for an overview of the course

Go to Modules for your course content and activities.

Intermediate Accounting I is the first course in a two-course sequence that covers financial reporting for external parties. The purpose of financial reporting is to provide meaningful information to individuals and institutions that have an interest in business, whether they be investors, creditors, or managers. It is a company’s accounting system which creates and provides this vital information to investors and creditors. Business managers likewise need information produced through financial accounting in making day-to-day operational decisions that improve a company’s performance and profitability. This course assumes knowledge of the material in introductory financial accounting (ACCT 2113).

To do well, you need to keep up with the material. We will cover a large amount of material each week. I can help to synthesize the material and point out the key concepts that are needed. Students generally learn far more in less time during our class sessions than they do on their own. Students should also complete the assigned homework and read the related material in the book. Don’t be intimidated by the book. The book is written in a conversational writing style so that it engages students to think not only about how to do accounting but why we do it that way. A solid conceptual understanding makes learning and remembering the details of any discipline much easier. Finally, expect that you can learn the material each class. Do not be concerned by the numbers or the complexity of the topic. Your goal should be to understand all material each class. Most of all, if at any time you think there is something more that I can do to help you, please don’t hesitate to ask. I want you to enjoy the course, do the best you can, learn as much as you can, and understand the importance of accounting in our society.