ACC 303 - Intermediate Accounting III

• Account for current liabilities and contingencies, including recognition, measurement, and appropriate disclosure.
• Analyze and apply accounting standards for bonds and long-term notes, including issuance, valuation, amortization, and extinguishment.
• Evaluate lease agreements from both lessee and lessor perspectives, and apply relevant accounting treatment under current GAAP.
• Apply accounting standards for income taxes, including temporary and permanent differences, deferred tax assets and liabilities, and valuation allowances.Record accounting for pensions and other postretirement benefits, including defined benefit and defined contribution plans.
• Prepare and interpret shareholders’ equity transactions, including issuance of stock, dividends, stock splits, and treasury stock.
• Analyze and account for share-based compensation and compute earnings per share under both basic and diluted scenarios.Effectively communicate accounting information related to liabilities, equity, and complex transactions in a professional manner.
• Evaluate ethical considerations and apply ethical principles to complex financial reporting scenarios (Ethics Assignment).