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Mar 29, 2026
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ACC 532 - Intermediate Financial Accounting II
This course is designed to engage students in utilizing financial statements to communicate essential financial information to a variety of potential stakeholders, including, but not limited to, internal management, investors, and financial professionals. It is part of a two-course series that explores the theory and practice of disclosing financial information in conformance with generally accepted accounting principles (GAAP). The course explores appropriate disclosures and analysis of business entity transactions and accounting statements, with specific focus on the liability and stockholders’ equity sections of the balance sheet, accounting for income taxes, and accounting changes and error analysis.
Credit(s): 3
Prerequisite(s):
ACC 531 .
Outcomes
- Analyze the accounting for current and noncurrent liabilities.
- Analyze the stockholders’ equity section of the balance sheet and related transactions.
- Analyze different types of investments (debt, trading, and equity) and related adjustments for fair value.
- Utilize revenue recognition techniques in accounting for long-term contracts.
- Contrast the effect of one-year and multiple-year accounting errors on comparative income statements and statements of retained earnings.
- Define the concept of full financial disclosure in financial statements.
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