Intermediate Accounting IIBack to Course Guide
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.
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.