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Intermediate Accounting 2 (ACCT 2240)
Total Credits:
4
Lecture Credits:
4.00
Description:
This course is a continuation of the comprehensive study of accounting theory and concepts. You will study several topics, including owners' equity, revenue recognition concepts, changes in price levels, and financial statement analysis.
Topical Outline:
Learning Outcomes:
1. 1. Analyze a transaction and create journal entries in accordance to Generally Accepted Accounting Principles
2. 2. Produce full or partial financial statements pertaining to balance sheets, income statement, owner's equity and retained earnings
3. 3. Apply revenue recognition concepts when analyzing the income statement
4. 4. Create and analyze financial statements by using ratios and common size statements
Prerequisites:
ACCT 2230.