Intermediate Accounting II

(4,0) 4

Continuation of AC232 with reference to accounting theory as applied to specific critical areas of financial data accumulation and presentation. Emphasis is placed on valuation concepts and their influence on contemporary practice. Topics: Liabilities; long term debt securities; owner's equity; earnings and revenue recognition; income taxes; leases; pensions; error correction; cash flows; and financial statement analysis. Prerequisite: ACTG232.