Intermediate Accounting II

4.0 credits

This course builds upon the underlying framework and concepts of ACC201 Financial Accounting. This course is one of two courses in intermediate accounting. The course delves into the reporting of various liability and equity accounts on the balance sheet, such as: current liabilities, bonds, long-term notes payable, contributed capital and retained earnings. Revenue recognition, accounting for income taxes, post-retirement benefits and leases are also covered. The course concludes with in depth coverage of the statement of cash flows. Throughout the course, the differences between treatment under U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are discussed. Pre-Requisite: ACC 201 & ACC 224 ** If the section is full, please request the course here on UR Student and then email ugbusiness@rochester.edu to be added to the waitlist. Professor Tribunella will not be able to override additional students; all requests must go through the ugbusiness@rochester.edu email.