ACCT5112

ACCT 5112 is the third course in the sequence of Intermediate Accounting courses. While ACCT 5101 and ACCT 5111 cover the accounting for assets, liabilities, and owners’ equity on the balance sheet and the determination of income, ACCT 5112 focuses on the accounting for income taxes; pensions; changes in accounting policy, estimates and corrections of errors; and the cash flow statement. Students are expected to understand the theory that lies behind the accounting issues covered in the class, and to become technically proficient regarding the accounting principles governing the reporting of these topics within the financial statements. The course also emphasizes the evaluation of financial statements and analysis of the impact of various accounting methods on the reported results of companies.

ACCT 5111 and ACCT 5112 replace ACCT 5102 in the accounting major and minor. If credit is received for ACCT 5102, it cannot be granted for ACCT 5111 or ACCT 5112.

prereq: ACCT 5101, ACCT 5111 (can be concurrent)

013354

Every Fall