ACT 323 - Intermediate Accounting II

Credit Hours: 3
Prerequisite: ACT 313. The characteristics and general journal entries of corporations are discussed, recording procedures for long-term investments in equity securities and bonds, as well as the long-term liability bonds payable, procedures followed when changing accounting methods, correcting errors, making interim reports, analyzing financial statements, proper reporting for pension costs and leases. Methods used to prepare a cash flow statement. Spring