ACCT 302 - Intermediate Financial Accounting II

Credit(s): 3
Lecture: 3
Non-Lecture: 0
A continuation of ACCT 301. The course builds upon the foundation created in A360 and overlays the impact of internal control and complex entities on accounting practice. Specific topics include internal control and Section 404 of the Sarbanes-Oxley Act; traditional and emergent techniques of liability valuation; equity, derivatives and hybrid securities; implementation of Statement of Financial Accounting Standards (SFAS) 95 through both the indirect and direct methods; investments accounted for under the cost, fair value (SFAS 115) and equity methods; and the consolidation of wholly- and partially-owned subsidiaries through the use of cost and equity methods for at-date and subsequent-period presentations. Restricted to School of Business majors. Others may seek permission from the School of Business. Offered every spring.

Prerequisite(s): ACCT 301 and junior status.