ACCT 302 - Intermediate Accounting II

4 Credits
This course continues ACCT 301 with a comprehensive study of the major categories of the balance sheet, statement of cash flow, and income. In addition, students will be introduced to the accounting, analysis, and reporting of special topics such as pension/retirement, leases, inflation, income taxes, earnings per share and revenue recognition. Students will also be introduced to applicable APB and FASB pronouncements and related topics.

Prerequisite(s): ACCT 301 with C grade or above
Course Learning Outcomes:
1. Create the statement of cash flows using both the direct and indirect methods.
2. Evaluate Generally Accepted Accounting Principles related to investments.
3. Evaluate Generally Accepted Accounting Principles related to current liabilities, contingencies, bonds, and other long-term notes.
4. Apply proper accounting treatments related to pensions.
5. Analyze compensation and earnings per share.