ACC 226(4-0-4)
Intermediate Accounting II
This course is a continuation of the study of financial accounting theory and practice. The study of liabilities and stockholders' equity concludes the study of the balance sheet which began in ACC 222. Specific accounts examined include current and contingent liabilities, bonds, notes, corporate income taxes, leases, capital stock and retained earnings. Preparation of the income statement, statement of retained earnings and statement of cash flows in accordance with generally accepted accounting principles is also covered. Financial statement analysis, revenue recognition rules, and accounting changes are other topics addressed. Computer software packages are utilized in and outside of class to complete several assignments.
PR: ACC 222
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