This course is the final course of three in the Intermediate Accounting series. Students will learn how to account for income taxes, pensions and post-retirement benefits; equity transactions; investments; leases; accounting changes and error corrections. Additionally students will use the cash flow statement for analysis. Upon the successful course completion, students will be able to record investments, identify the differences between financial accounting and accounting for income taxes, compare operating and finance leases, compute pension expense, correct errors, record changes and evaluate cash flow.
ACC322 Intermediate Accounting III