ACCT 350 - Intermediate Accounting II

5 CR

Continuation of theoretical foundations of accounting. The course covers valuation of assets, business financing options and in-depth examination of lease accounting.

Prerequisite(s): ACCT 301 with a C or better and admission to the Applied Accounting BAS, or permission of the program.

Course Outcomes
• Apply the accounting methods for investments in operating assets at the date of acquisition.

• Illustrate and employ the accounting methods for the use and retirement of operating assets.

• Discuss and calculate debt and equity financing options.

• Classify debt and equity securities.

• Using the most appropriate accounting method for a business, calculate the acquisition, use and sale of debt and equity securities.

• Identify accounting methods for capital leases.

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