ACCT 3260 - Intermediate Accounting II

Description

Accounting theory and practice related to preparation and presentation of financial statements in accordance with GAAP. Continuation of ACCT 3250 with emphasis on fixed assets, liabilities, stockholders' equity, and investments. (3-0-3)

Learning Objectives

• Determine and record inventory valuation at the lower of cost or market, the gross profit method, and the retail inventory method
• Calculate and record acquisitions and dispositions of property, plant and equipment
• Calculate depreciation and impairments of property, plant, and equipment
• Describe characteristics, issues, and accounting treatments of intangible assets
• Describe the accounting treatment and valuation of liabilities and related contingencies
• Demonstrate the accounting treatment for bond issuance, amortization of premium or discount, and extinguishment of debt
• Discuss characteristics and accounting treatment for corporate stockholders‰лЊ equity transactions
• Compute earnings per share in a complex capital structure