ACCT 351 - Intermediate Accounting II

Description:
The second of a three-course intermediate sequence, this course continues ACCT 350, covering complex topics in accounting and financial reporting.

Prerequisites:
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.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

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
- intangibles
- 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.

Learner Outcomes Approval Date:
1/30/14

Anticipated Course Offering Terms and Locations: