AC 302T - Intermediate Accounting II

(3 units)

Intermediate accounting continues the study of debits and credits and begins to utilize the basic knowledge gained from AC 201 and AC 202. This course expands the basic concepts and starts to enter into the preparation of more advanced financial statements and financial accounting concepts, such as the time value of money applied to bond valuation, the shareholders’ equity section of the balance sheet, and more in depth study of particular subjects such as intangible assets, and investments. Throughout the course, where applicable, students will be exposed to global accounting standards (i.e., International Financial Reporting Standards); professional research of the Accounting Standards Codification; and professional accounting simulations.
Prerequisites: AC 301T