ACC3115

Intermediate Accounting II

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The course continues the emphasis on financial accounting concepts and theory; analysis of liabilities and equities; alternative accounting methods for special topics such as leases, pensions, and income taxes; and, more advanced aspects of accounting theory.

 

PREREQUISITE: ACC3114

 

UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

  • Accounting for long-term liabilities and alternate valuation methods.
  • Analyzing asset impairments and troubled debt restructuring.
  • Accounting for transactions in debt securities and alternate valuation approaches.
  • Accounting for early extinguishment of debt and off-balance sheet financing.
  • Accounting for leases and special valuation problems.
  • Accounting for pensions and post-retirement benefits.
  • Accounting for dividend transactions and understanding dividend policy.
  • Accounting for intraperiod tax allocation and deferred taxes.
  • Defining special problems of revenue recognition.
  • Analyzing the corporate form of organizations and related equity transactions.
  • Accounting for stock rights and stock options.
  • Reporting corporate investments and methods of consolidation.
  • Analyzing accounting changes and error corrections.
  • Applying interim reporting requirements and disclosures.
  • Preparing and interpreting a statement of cash flows.
  • Identifying dilutive securities and calculating earnings per share.
  • Demonstrating knowledge of proper financial presentation and disclosure requirements for all topics covered in the course.