ACT 322, 323 - Intermediate Accounting II

Course unit(s): 1
Meets GAR: Meets general academic requirement W when offered as 323.
Prerequisite(s): ACT 320, 321 - Intermediate Accounting I with a grade of ‘C’ or better required. ‘B’ or better recommended. ACT 201 Accounting Information Systems must also be completed or enrolled concurrently.
Theoretical bases of accounting practices continue to be explored as students learn valuation and reporting techniques for current and long-term liabilities, stockholders’ equity, income taxes, post-employment benefits, and leases. Emphasis is placed on accounting practices for large corporations, such as earnings per share and SEC reporting, as well as International Financial Reporting Standards. Four class hours per week.