ACCT 3120 Intermediate Accounting II
4 semester hours
This course continues the in-depth study of financial accounting and reporting introduced in ACCT 3110 . The conceptual and procedural aspects of some of the complex and controversial topics in financial accounting are studied from both the U.S. and an international accounting perspective. Topics include the accounting for property, plant, and equipment, intangible assets, investments, long-term debt, leases, deferred income taxes, contingent liabilities, pensions and other post-retirement benefits, and several issues relating to stockholders’ equity. Coverage of these topics includes an historical perspective, current practice, awareness of limitations in current practice, and possible future directions. Researching accounting issues through the use of the FASB’s Codification database is integrated throughout the course.
Prerequisite: ACCT 3110 with a minimum grade of C (2.0).