- << Previous: ACCT 3002 - Auditing and Internal Controls
- Next: ACCT 3004 - Intermediate Accounting III >>
ACCT 3003 - Intermediate Accounting II* (5 credits)
(5 credits)
How does a business handle its investments and capital and what are the generally-accepted accounting principles when valuing inventory? This course provides students with the opportunity to consider and respond to prevailing accounting questions as well as gain insight on related ethical considerations; it is the second in a four-course sequence and is a continuation of Intermediate Accounting I. Students learn ways to categorize, measure and report on cash, receivables, inventories, and investments. They gain practice in financial statement presentation and disclosure requirements. Through evaluation and online discussion, students explore the auditing function as well as inventory cost methods. As a basis for their coursework, students use the Financial Accounting Standards Board's Accounting Standards Codification and International Financial Reporting Standards.
BS in Accounting Prerequisites
- ACCT 3001 or ACCT 1004S
All Other Program Prerequisites
- ACCT 3001