Required
Course reading
Read the assigned chapters on this site after class and before the next meeting. You do not need to buy a book.
Michigan State University · Broad College of Business · Fall 2026
ACC 300: Intermediate Financial Accounting I
Apply financial reporting rules to transactions that require judgment. Support each accounting decision with facts, calculations, and authoritative guidance.
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- Section 003
- 8:30–9:50 AMTuesday and Thursday · Room 136, Brody Hall
- Section 001
- 10:20–11:40 AMTuesday and Thursday · Room 136, Brody Hall
- Credits
- 3Prerequisites: ACC 201 and ACC 202
- Term
- Fall 2026Tuesday, September 1 through Thursday, December 10
- Instructor
- Jillian Bommarito
Read the website syllabus. Enrolled students can find the official Broad-template syllabus in D2L.
Course reading
Required and optional reading
Optional
Kieso, Weygandt, Warfield, and Wiley, Intermediate Accounting
Use the 19th edition if you want another explanation. Each unit lists the Kieso chapters or sections that cover similar material. Kieso is not assigned reading. The linked retailer lists print and digital choices. You may buy or rent it elsewhere. Check the ISBN before ordering: 978-1-394-24614-4 for the e-book or 978-1-394-25443-9 for the loose-leaf book.
WileyPLUS also offers optional interactive practice that is not used for course credit.
What this course is about
ACC 300 begins with the accounting cycle and the four financial statements. You will study how transactions enter the records, how year-end adjustments update the accounts, and how the statements connect.
Later units apply that system to revenue, cash, receivables, inventory, plant assets, and intangible assets. Many of these topics require an estimate or a decision about timing, classification, or measurement.
You will learn to find the governing guidance, apply it to the facts, and explain your conclusion. You will also identify the evidence that supports the conclusion or could change it.
The course also examines the institutions and events that shaped United States generally accepted accounting principles (US GAAP). That history provides context, but current authoritative guidance governs the accounting answer.
Course units
From the accounting cycle to intangible assets
The cards below show each unit's main question, class meetings, and assessments. Unit 1 is available now. Other unit pages will open after their material is ready to assign.
Unit 1 · Optional Kieso: Chapter 1, sections 1.1-1.2; Chapter 2, sections 2.1-2.4
The reporting system and the accounting cycle
How do transactions become financial statements, and who sets the rules for what those statements report?
Unit 2 · Optional Kieso: Chapter 3 and Chapter 17
The income statement and revenue recognition
Revenue sits at the center of more accounting frauds than any other line. Why is it hard to get right even when nobody is cheating?
Unit 3 · Optional Kieso: Chapter 4; Chapter 12
Financial position and current obligations
How should a company report its resources and current obligations?
Unit 4 · Optional Kieso: Chapters 5-6; Chapter 22
Cash flows and receivables
The allowance for credit losses is a guess about next year that goes on this year's balance sheet as a number. What separates a defensible guess from earnings management?
Unit 5 · Optional Kieso: Chapters 7-8
Inventory
Three companies with the same purchases and the same sales can report three different gross margins, and all three are correct. What does that tell us about a financial statement?
Unit 6 · Optional Kieso: Chapters 9-10
Property, plant, and equipment
Whether a cost becomes an asset or an expense moves reported income for years afterward. Who decides which one it is?
Unit 7 · Optional Kieso: Chapter 11
Intangible assets
The most valuable assets of the largest companies in the world are mostly missing from their balance sheets. Is that a defect or a decision?
Course materials
Find the material you need
Use these links for current course material.
- Course reading
Read the assigned chapters in course order.
- Syllabus
Review grading, course requirements, and policies.
- Schedule
Find class topics, reading, assignments, and deadlines.
- Practice
Choose optional questions and activities by unit and chapter.
- Exam 1 practice
Work through 42 questions with explanations and links to focused review. Nine added 9/25.
- Lecture slides
View each class deck online or download it as a PDF.
On YouTube
Lectures and readings on the course channel
Each recorded lecture is in one playlist, and each chapter read aloud is an episode of the reading podcast. Subscribe to hear when a new one is posted. The same recordings play on the meeting, slide, and reading pages here.
Week 1
After the first class
Read the complete getting-started instructions.
- By Wednesday, September 2 at 11:59 PM, register for iClicker with your MSU email address and join the course for your section: Section 001, code UOZC, or Section 003, code QYRC.
- By Wednesday, September 2 at 11:59 PM, complete the 5-point rust check on D2L. It covers financial accounting from ACC 201 that you will use again in ACC 300.
- By Wednesday, September 2 at 11:59 PM, read the syllabus and complete the 10-point syllabus and technology check on D2L. The syllabus is available inside the check.
- By Friday, September 4 at 11:59 PM, submit the 10-point introduction assignment on D2L.
- Read Tuesday's course-site chapter before Thursday. The reading follows class so the names and examples are already familiar.
- You do not need to buy a book. The reading is on this site. If you want a commercial text alongside it, Kieso, Weygandt, Warfield, and Wiley, Intermediate Accounting, 19th edition, is the optional text listed beside each meeting.
These dates are the onboarding targets. All 3 assignments remain eligible for full completion credit through Friday, September 11 at 11:59 PM.
The first two meetings are Tue 9/1 and Thu 9/3. Start with Unit 1, or see the full schedule.
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