Intermediate Financial Accounting III

Course Description

This course is the third of a three-part series of courses related to intermediate accounting. This course examines owners' equity, investments, income taxes, pensions and post-retirement benefits, as well as changes and error analysis. The course finishes with a look at derivative instruments. Interwoven in the presentation of the material is an assortment of ethical dilemmas that encourage discussions about how the accountant should handle specific situations.

Topics and Objectives

Owners' Equity and Earnings per Share

  • Distinguish between paid-in and earned capital.
  • Record journal entries related to common, preferred, and treasury stock.
  • Record journal entries related to the various types of dividends.
  • Calculate basic and diluted earnings per share (EPS).
  • Evaluate the various accounting treatments for stock compensation.

Investments

  • Distinguish between debt and equity investments.
  • Classify securities as available-for-sale, held-to-maturity, or trading.
  • Determine when to use the fair value and equity methods of accounting for investments.
  • Prepare journal entries for investments using the fair value or the equity method.
  • Distinguish between traditional and derivative financial instruments.

Accounting for Income Taxes

  • Differentiate between temporary and permanent differences.
  • Calculate current and deferred tax assets and liabilities.

Accounting for Pensions and Post-Retirement Benefits

  • Differentiate between a defined contribution and a benefit plan.
  • Determine the components of pension expense.
  • Calculate pension liability and expense.

Accounting Changes and Error Analysis

  • Prepare journal entries associated with changes in accounting principles, reporting entities, and estimates.
  • Prepare journal entries associated with changes due to errors.

Request information on this program - Please complete all fields
First Name
 Last Name
Home Address
City
State
 Zip Code
Highest Level of Education
Are you a United States citizen?
Yes   No  
Are you associated with the United States Military?
No   Yes  
Phone #
() -
Phone Type
home   mobile  
Secondary Phone #
() -
Secondary Phone Type
home   mobile  
Email Address
I acknowledge that by submitting this form, I may be contacted by telephone and email by the appropriate university/college  

Possible Alternatives ...

We have compiled the following list of possible alternatives to the Intermediate Financial Accounting III you are viewing. It is a good idea to get information about several schools and programs to weigh your options.

480.777.5735

|

email »