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Intermediate Accounting III

Course Description

A continuation of Intermediate Accounting II. New topics include revenue recognition, accounting changes and errors, income taxes, pensions, and leases.

Additional Requirements for Graduate Students:
Graduate students must read accounting research papers selected by the instructor that cover topics from the course (e.g., leases, pensions, taxes, revenue recognition), and then write a 5-page paper that accomplishes the following: (1) summarizes the papers, (2) discusses how the papers are relevant to what was learned in this course, (3) discusses the papers’ strengths and weaknesses, and (4) lists additional questions that the papers made you wish to see answered. Graduate students must convey a mastery of the assigned academic papers (as well as a basic understanding of their statistical analyses).

Athena Title

Intermediate Accounting III

Prerequisite

ACCT 2101 or ACCT 2101E or ACCT 2101H or ACCT 5010/7010

Semester Course Offered

Offered every year.

Grading System

A - F (Traditional)

Student Learning Outcomes

  • By the end of this course, students will understand the complex business events surrounding valuation and reporting of long-term liabilities, deferred taxes, derivatives, accounting changes, and earnings per share measurements.
  • By the end of this course, students will understand the FASB approach to solving the practical and theoretical issues involved in the valuation and reporting of long-term liabilities, deferred taxes, derivatives, accounting changes, and earnings per share.
  • By the end of this course, students will understand the alternatives rejected in valuation and reporting of long-term liabilities, deferred taxes, derivatives, accounting changes, and earnings per share measurements.

Topical Outline

  • Leases
  • Deferred Taxes
  • Employee Compensation
  • Pensions
  • Earnings Per Share
  • Contingencies
  • Derivatives
  • Accounting Changes and Error Correction

Syllabus

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