ACC 3317 - Intermediate Accounting II

Credits: 3 hrs.

This course is a continuation of Intermediate Accounting I (ACC 3316) and covers the more complex financial reporting issues not addressed in Intermediate Accounting I. Topics covered include inventory valuation issues, revenue recognition, investments, deferred taxes, pensions, leases, earnings per share, accounting changes and error analysis, disclosure, and statement of cash flows. While the course focuses on the recording of transactions and ultimately the preparation of financial statements, it also exposes students to cases that deal with ethics, applying technical judgment, and internet research. Prerequisite(s): ACC 3316.