ACC 302 - Intermediate Accounting II

• Analyze and apply accounting principles for the recognition and valuation of cash and receivables, including bad debt estimation and reporting.
• Measure and account for inventories using various costing methods, including lower of cost or net realizable value and inventory estimation techniques.
• Evaluate complex inventory issues such as LIFO liquidations, dollar-value LIFO, and inventory errors and their corrections.
• Apply accounting standards for the acquisition of property, plant, equipment, and intangible assets, including costs, capitalization, and lump-sum purchases.
• Account for the utilization, depreciation, impairment, and disposition of tangible and intangible assets in accordance with GAAP.
• Assess and apply appropriate treatments for accounting changes and error corrections, including retrospective and prospective applications.
• Demonstrate the ability to account for various types of investments, including equity and debt securities, using appropriate valuation methods.
• Communicate complex financial concepts and accounting treatments related to long-term assets and investments in a clear and professional manner.