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ACCT 251

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Intermediate Accounting II

School of Business and Industry (School) Undergraduate

Academic Level

Undergraduate

Course Title

Intermediate Accounting II

Description

This course is theSecondof two courses dealing with corporate accounting and is a continuation of ACCT 201. Its purpose is to gain a sound understanding of generally accepted accounting principles governing the recognition and measurement of liabilities and equity. The topics covered include liabilities, contingencies, stockholders' equity, post-retirement benefits, leases, accounting changes and error correction, statement of cash flows, financial statement analysis, and full disclosure. Students will learn how to apply some of the many accounting and economic concepts they have learned to the analysis of a company's financial position and performance as shown in published information, primarily focusing on financial statements. Also available through Online Learning. Prereq. - ACCT201

3

Repeatable for Additional Credit

No

Prerequisites and Corerequisites

Prerequisite: ACCT201

This course is an approved AA/AS elective

Yes

This course is an approved AAS elective

Yes

Honors Section Available

No