ACCT 312Intermediate Acctg Theory II

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This course builds on ACCT 311 and covers concepts, standards, principals, procedures and assumptions underlying U.S. Generally Accepted Accounting Principles (U.S. GAAP) in greater detail, as well as different concepts. Financial transactions are analyzed both from the perspective of a financial statement preparer and user. This course is an in-depth study of financial accounting topics involved in preparing financial statements including accounting for liabilities, bonds, leases, pension benefits, income taxes, shareholders' equity and stock compensation. 3 credits. Traditionally fall and spring semesters. Prerequisite of ACCT 311.