Course Description

ACCT 312: Intermediate Accounting II

This course covers the underlying principles, procedures and reporting requirements necessary to gain an understanding of both the preparation and the use of modern financial reports of profit-seeking entities. Primary topics include: inventory and cost of goods sold; debt financing; equity financing; earnings per share; investments in noncurrent operating assets – acquisition and utilization; leases; and investments in debt and equity securities.

The Intermediate Accounting II course ties in directly to the department’s program learning goals in that it is intended to develop (1) sound technical knowledge that is necessary for entry-level positions (2) critical thinking skills (3) an understanding of the ethical responsibilities of the accounting profession and (4) communication and interpersonal skills that are expected of entry-level accountants.