ACCT 232 Intermediate Accounting II

In this course, students will complete an intensive study of accounting for long-term liabilities, long-term investments in equity and debit securities, corporations, revenue recognition, pension costs, leases, accounting changes and error corrections, financial statements including the Statement of Cash Flows, and analysis of financial statements.

Credits

3

Prerequisite

ACCT 231

Hours Weekly

3 hours weekly

Course Objectives

1. Analyze the concepts and principles underlying accounting and their applications in the accounting
   process.
2. Identify the various groups who have contributed to the development of the conceptual structure of
   accounting.
3. Identify the challenges to principles and practices in recent years and the responses that have been made
   to these challenges.
4. Prepare and interpret detailed financial statements, supporting schedules, and reports.
5. Compare and analyze financial statement data.
6. Review changes in the accounting process that have occurred in recent years in response to changes in
   the economic, political and social environment.
   

Course Objectives

1. Analyze the concepts and principles underlying accounting and their applications in the accounting
   process.
2. Identify the various groups who have contributed to the development of the conceptual structure of
   accounting.
3. Identify the challenges to principles and practices in recent years and the responses that have been made
   to these challenges.
4. Prepare and interpret detailed financial statements, supporting schedules, and reports.
5. Compare and analyze financial statement data.
6. Review changes in the accounting process that have occurred in recent years in response to changes in
   the economic, political and social environment.