Overview Objective Materials grading Exam ELI Policies and Procedures Contacting the Instructor Beginning the Course
ACC 221: Intermediate Accounting I - 3 Credits


Financial Accounting theory and practice are the focus of this course. The topics we will cover are: accounting standards, the Conceptual Framework, accounting information systems, the financial statements, revenue recognition and go into a deeper study of assets, liabilities, and stockholders equity. Your assignments consist of reading the text and using the supplements on Blackboard. The supplements provided are: Power Point slides, e-Learning Sessions, self-study questions and various resources on the Irwin Mc Graw Hill Spiceland’s Online Learning Center (OLC).

Intermediate Accounting is a required course in the Associate in Applied Science Degree or the Accounting Certificate Program.  This course will also help you study for the Certified Public Accounting Exam.

Prerequisite: ACC 212 or equivalent. It is recommended that you have a working knowledge of computers and basic math.




If you do well in this course, you will be able to:

  • Comprehend the environment and theoretical structure of financial accounting.
  • Implement the accounting process.
  • Prepare and classify the elements of the financial statements and the Financial Disclosures.
  • Determine when income is measured and reported.
  • Learn the concepts of the time value of money.
  • Examine cash and receivables.
  • Define and measure merchandise inventories.
  • Comprehend operational assets, acquisition, disposition, utilization, and impairment.




Your course grade will be determined by the assignments, projects, and exams, according to the following points:

Possible Points
Percentage of Grade
4 Exams (2 proctored/2 at-home)
Connect Exercises and Problems
2 Cases on the Discussion Board
Introductory Letter
1,000 points


Grading Scale
900-1000 points
800-899 points
700-799 points
600-699 points
0-599 points



There are four (4) online exams in this course. Three (3) exams are proctored and you must complete them at one of the NVCC campus Testing Centers; one (1) exam is completed at home in Connect. The Testing Centers have specific policies relating to the administration of ELI exams, so be sure to allow enough time to complete your exam.You will need to take a photo ID, your NovaConnect empl ID number, and the appropriate Exam Pass when you go to the Testing Center.  

For Testing Center locations, hours of operation and policies, click here.

For information on taking exams outside of the metropolitan area, click here.


ELI Policies and Procedures

  This is an Extended Learning Institute (ELI) course. ELI courses differ from campus courses in several important ways, including enrollment dates, communication with faculty, assignment completion requirements, and exams. You must follow ELI's policies and procedures if you take this course. Read (or review) ELI's Policies and Procedures before you begin the course. If you have questions, call ELI at (703) 323-3347 or (888) 435-6822.

Beginning the Course


1. Use your web browser to connect to http://www.nvcc.edu/bbstart. Follow the directions to determine your email, Blackboard and VIVA account user names and passwords.
2. Access your email account and make sure you know how to use it; you will be required to use this account for all course-related email.
3. Log on to Blackboard at http://learn.vccs.edu.
4. Click on this course under "My Courses." Review the entire course to make sure you understand what will be required of you. Then start completing the assignments.

Please note that account generation takes approximately one week from the time of your paid registration. If you cannot log on after one week, contact the IT Help Desk. If you can log on to Blackboard, but your course isn't listed, please contact ELI or your instructor.