AC302 Intermediate Accounting II   (3.00 cr.)

Prerequisite: AC301. Corequisite: AC310 (Spring only). Students learn to develop and analyze the information reported in financial statements. Topics include stockholders' equity, short-term and long-term investments, short-term and long-term liabilities, revenue recognition issues, leases, accounting changes, and financial analysis. Pronouncements of the AICPA, FASB, and SEC are an integral part of the course. (Spring/Summer)