ACT 312: Intermediate Accounting II

Prerequisite: ACT 212 with a grade of C or better; Business Majors only

Comprehensive treatment of financial reporting topics. Topics covered include intangible assets, short-term liabilities, long-term obligations, stockholders¿ equity, investments, revenue recognition, income taxes, pensions, and the statement of cash flows. Real-world examples connect theory to practice, including pension accounting illustrated through the Massachusetts State Retirement System.