ACCT 312 Intermediate Accounting II

General

• Determine what economic events require recognition in financial statements using financial accounting theory in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
• Measure economic events using suitable valuation methods including consideration of United States and International standards.
• Demonstrate the ability to record and disclose complex financial events in accordance with U.S. GAAP for liabilities, stockholders¿ equity, investments, expenses, gains and losses.
• Prepare a statement of cash flows using GAAP standards and procedures.
• Analyze information in financial reports for its value in stakeholder decision-making.
• Demonstrate understanding of ethical considerations in preparing and reporting accounting information.
• Create communications, both oral and written, to convey accounting information in a cross-functional decision-making environment.