ACC 301 Intermediate Accounting II

3 Credit(s)

This course continues the examination of components of the balance sheet started in Intermediate Accounting I (ACC300). Issues related to current and long-term liabilities are examined. Various stockholders’ equity topics are explored including: dividends, stock options and issuance of stock. The course also examines special topics in financial reporting such as: income recognition; interperiod tax allocation and leases. The Statement of Cash Flows is also studied in depth. Three lecture hours per week. Required of Business Administration majors in Accounting concentration and Accounting & Finance concentration. Prerequisite: ACC300.