ACCT 3270 - Intermediate Accounting III

Upon successful completion of the course students will be able to:

1. Account for investment transactions under both the cost and equity methods
2. Explain and apply the accounting treatment related to the revenue recognition principles
3. Explain and apply the financial reporting issues related to income taxes, deferred taxes, and net operating losses
4. Explain the difference between a defined benefit pension plan and a defined contribution pension plan and illustrate the accounting treatment of each
5. Apply the accounting rules for both capital and operating leases by both the lessee and the lessor
6. Examine rules for accounting changes and error analysis
7. Construct the statement of cash flows using both the direct and indirect methods
8. Explore accounting rules for full disclosure and financial reporting