ACC322: Intermediate Accounting II - 4 Hours
Prerequisites: ACC321, CIS116
A study of the remaining major balance sheet accounts not covered in Intermediate I. The course starts with a review of the conceptual bases for inventories and their cost valuations. Then, the subject matter moves to inventory valuation bases other than cost. Then investing activities are explored: investments, depreciation and retirements of non-current operating assets. Finally, investments in debt and equity securities are covered. Topics include trading, available-for-sale and held-to-maturity securities, and changes to/from equity method securities and debt and equity financing, including quasi-reorganizations.