Intermediate Accounting II is the second in the two-course sequence of financial accounting. It continues the study of US GAAP and the preparation, communication, interpretation and analysis of financial data, with emphasis on the informational needs of external users of financial statements. Topics covered in this course include current liabilities and contingencies, long term liabilities, stockholders? equity, investments, leases, pensions and postretirement benefits, earnings per share, share-based compensation, income taxes and preparation of the statement of cash flows. Students will be exposed to and learn to understand a wide range of business activities and their impact on companies? financial conditions as well as capital market participants? decision making. The course will also discuss limitations of accounting rules and accounting information, and highlight issues in financial reporting in the context of contemporary global economy. Ethical issues will be integrated at appropriate points in the course.

Prerequisite: ACCT 3030 3 credits