ACCT 312 - Intermed.Financial Accounting III

Institution:

Point Park University

Subject:

ACCOUNTING

Description:

A A study of accounting standards, the conceptual framework and financial reporting with a focus on revenue recognition, income taxes, leases, pension, and post-retirement benefits. PRE: ACCT 311 . CourseObjectives Upon successful completion of the course, students will be able to: (1) Explain and apply the fundamental concepts of revenue measurement and recognition, including principles related to presentation and disclosure. (2) Explain and apply the fundamental concepts of accounting for income taxes, including provisions for loss carrybacks and carryforwards, and presentation of deferred income taxes, including principles related to presentation and disclosure. (3) Explain and apply the fundamental concepts of pension plan accounting, including the accounting and amortization of prior service costs, unexpected gains and losses, and principles related to presentation and disclosure. (4) Explain and apply the fundamental concepts of lease transactions, including accounting for leases by leasees and lessors, and principles related to presentation and disclosure of lease transactions.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pointpark.edu

Phone Number:

(412) 391-4100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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