Specific topics include the accounting process and adjustments, classified financial statements, conceptual framework underlying financial accounting, and recognition and measurement of current and non-current assets. Several assignments using Excel are required during the semester. ACC 202 Intermediate Accounting II 4 credits A continuation of Intermediate Accounting I. Specific topics include recognition and measurement of current and non-current liabilities, stockholders' equity, dilutive securities, investments, revenue recognition problems, accounting for income taxes, accounting changes and errors, and statement of cash flow. Several assignments using Excel are required during the semester. The course is designed to introduce the student to computer applications in accounting.
Students learn about the design and development of spreadsheets.
In addition, students learn how to computerize a manual system of accounting using a general ledger package. A variety of accounting problems are demonstrated. Students have hands-on experience completing various computer projects. Computer lab fee. Auditing 3 credits Principles, standards, procedures, and techniques of auditing.