ACC 202 - Intermediate Accounting 2
3 Lecture Hours
Prerequisites: ACC 203
A comprehensive study of financial statements with emphasis on current and long-term liabilities, investments in corporate securities and owner’s equity. Additional topics include leases, pensions, tax allocation changes in accounting principles and cash flow statements.
Upon successful completion of the course, the student will:
- Prepare financial statements in accordance with generally accepted accounting principles.
- Analyze the effects of complex business transactions on the elements of the financial statements, primarily involving liabilities, stockholder’ equity, revenues and expenses.
- Apply accounting principles, concepts, theory and assumptions to measure, record and disclose financial data in accordance with generally accepted accounting principles.
- Analyze the information presented on financial statements.
- Current liabilities
- Long-term liabilities
- Stockholders’ equity
- Cash flow statement
- Earnings per share
- Accounting for income taxes
- Revenue recognition
- Accounting changes
- Financial statement analysis
Supplementary materials such as working papers, study guides, videos, handouts, library resources.
Wall Street Journal, Journal of Accountancy, FASB Statements, Statements of Financial Accounting Concepts, APB Statements, Other accounting and business periodicals.
Approved By: Lauth, Laurence Date Approved: 01/17/1983
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