ACCT 309 - Intermediate Accounting II

4 Credit(s)

The course is a continuation of ACCT 308 where students will learn a wide range of issues faced in measuring a firm’s financial status and performance. They will obtain a detailed understanding of the accounting and reporting issues associated with the liability and stockholders’ equity-side of the balance sheet. They will further develop and strengthen their understanding of the theoretical foundations of modern corporate financial reporting. Considerable emphasis is also given to applying accounting theory to practical and contemporary financial reporting problems. Students will 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 administered by the Accounting, Economics and Finance Department. Students who earn a grade below a C in ACCT 308 are not eligible to take the proficiency exam. These students must retake ACCT 308 and earn a grade of “B” or better to enroll in ACCT 309.