AC 206 - Intermediate Accounting II

4.00 credits.

A continuation of AC 205. The course includes an in‐depth examination of the liabilities and stockholder’s equity sections of the balance sheet with detailed discussion of how to account for bonds payable, long‐term notes, employee pensions and benefits, and the issuance of stock. Calculation of earnings per share, how to correct errors in the financial statements, preparation of the statement of cash flows and deferred income taxes also are discussed. *Prerequisite(s): AC 205.