ACCT 3030 Intermediate Accounting III

A continuation of Intermediate Accounting II. A study on the analysis of and reporting for advanced financial accounting topics such as revenue recognition, income taxes, postretirement benefits, leases, changes and errors, and business consolidations.

Registration Name

Intermediate Accounting III

Lecture Hours

3

Lab Hours

0

Credits

3

Prerequisite

ACCT 3020

Offered

Demorest: Fall

Student Learning Outcomes

At the completion of this course, students will be able to:

• Apply the revenue recognition standards set forth by generally accepted accounting principles for specialized industries and transactions. 
• Record and report transactions for deferred income tax items.
• Analyze a company’s pension plan(s) and/or employee benefit plans to record the record the required elements in the financial statements. 
• Apply the appropriate accounting principles related to a company’s lease obligations and assets. 
• Describe the nature of accounting for changes and errors and apply the related practices for each. 
• Report financial statement data for consolidated business entities.