Intermediate Accounting II ((4 Credits))

Catalog description

This course is a continuation of the study of Intermediate Accounting 1 with main emphasis on more technically complex transactions. Topics include valuation and measurement of long-term liabilities, capital stock transactions, earnings measurement, securities and investment valuations, revenue recognition, capital and operating leases, pension funds accountability, income tax assessment and financial statement analysis. Emphasis is placed on special situations, error correction, business problems and communication with stakeholders and statement users and professional ethics. Highly Recommended (not required): Intermediate Accounting I ( ACCT 3025 ) course within the past three years. Use of spreadsheet software. Notes: Students who have completed only Accounting for Decision Makers ( ACCT 1005 ) may not take this course. The course satisfies quantitative aspects of business and covers in its components professional ethics and social responsibility skills in business. This course was previously BME-213024 Intermediate Accounting 2. Prerequisites: ACCT 3025 , or equivalent.