ACCT 309 - Intermediate Accounting II

4 Credit(s)

The course is a continuation of ACCT 308 in which students learn a wide range of issues faced in measuring a firm’s financial status and performance. They obtain a detailed understanding of the accounting and reporting issues associated with the liability and stockholders’ equity-side of the balance sheet. They further develop and strengthen their understanding of the theoretical foundations of modern corporate financial reporting. Considerable emphasis is given to applying accounting theory to practical and contemporary financial reporting problems. Students learn and understand such advanced financial reporting topics as off-balance sheet financing, leases, long-term debt, accounting for pensions, revenue recognition, income taxes, earnings per share, and the statement of cash flows. Guest speakers from public accounting speak to students about accounting careers.

Prerequisite(s): ACCT 308 and MIS 180 . A grade of “B” or better in ACCT 308 is required, or passing a proficiency exam.