Mar 26, 2019
ACCT 351 - Intermediate Accounting II
The second of a three-course intermediate sequence, this course continues ACCT 350, covering complex topics in accounting and financial reporting.
Prerequisite: a grade of C or higher in ACCT 350, and a pre-major or major or minor or certificate student in accounting; or admission to the MPA program.
Upon successful completion of this course, the student will be able to:
Learner Outcomes Approval Date:
- Demonstrate intermediate-level competency in practicing all phases of the accounting cycle.
- Demonstrate intermediate-level competency in the accounting for specific topics designated for this second of a three-course intermediate sequence. These topics are:
- current liabilities and contingent obligations
- property, plant, and equipment: acquisition and subsequent investments
- depreciation, depletion, impairment, and disposal of property, plant and equipment
- investments and long-term receivables
- Time value of money;
- Cash and receivables;
- financing liabilities: bonds and long-term notes payable
- contributed capital
- Identify ethical dilemmas that likely will confront the accounting professional.
- With reference to the topics specified in Learner Outcome 2 above, demonstrate intermediate-level competency in the application of U.S. accounting standards and the integration of international accounting standards.
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