May 13, 2021  
College Catalog 2014-2015 
    
College Catalog 2014-2015 [ARCHIVED CATALOG]

AC 206 - Intermediate Accounting II

4.00 credits.
A continuation of AC 205 . The understanding of many concepts covered in the introductory course are expanded with a more in-depth examination of related concepts: 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 .