May 29, 2024  
2022 Catalog 
2022 Catalog

ACC 272 Intermediate Accounting II

Prerequisite: ACC 271  with a C or higher
3 credits

This course is a continuation of ACC 271 . This course covers long-term assets, liabilities, stockholders equity, including earnings per share. The effects of the time value of money on assets and liabilities. ACC 272 introduces specialized topics such as accounting for income taxes, pensions, and leases. Basic concepts taught in Intermediate Accounting I are reinforced. Continuing emphasis on the concepts governing corporate financial reporting are reinforced. ACC 272 covers the principles and procedures applicable to accounting valuations for current and long-term investments, current and long-term liabilities, stockholders equity and revenue and expense recognition and measurement.