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Intermediate Accounting III

Analytical Thinking

Course Description

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

  • Navigate Revenue Recognition Rules: Students will connect the rules of revenue recognition to various revenue transactions.
  • Adhere to Lease Accounting Requirements: Students will distinguish between the different types of leases and record the appropriate journal entries to recognize the transaction.
  • Calculate Firms’ Income Taxes: Students will implement accounting practices to report firms’ income tax expense and net operating losses.
  • Integrate Accounting with Data Analytics: Students will combine accounting knowledge with large data to identify themes and trends in the data.
  • Account for Changes and Errors: Students will distinguish between different accounting changes and errors and implement the appropriate accounting for each.
  • Prepare Advanced Cash Flow Statements: Students will incorporate advanced accounting topics into the Statement of Cash Flows.

Topical Outline

  • Revenue Recognition
  • Leases
  • Income Taxes
  • Data Analytics
  • Changes & Errors
  • Cash Flows

Institutional Competencies Learning Outcomes

Analytical Thinking

The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.


Syllabus

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