ACG 3113 - Intermediate Accounting II

3 credits
Prerequisites: ACG 3103 with a grade of “C” or higher; and prior to enrolling in any upper level course (course number beginning with a 3 or 4), students must complete the following courses with a grade of “C” or better: ENC 1101 - Composition I, ENC 1102 - Composition II, and three semester hours of college level mathematics; or permission from the appropriate academic Dean
As the second course of the series, this course continues an in-depth study of financial statements and underlying records. The elements that comprise the equity side of the balance sheet are emphasized with additional attention given to special problems in income determination and financial reporting. Major areas of instruction for this course include liabilities, accounting for bonds, pensions and leases, corporations, contributed capital at formation, and retained earnings. This is the second course in a sequence of three courses: ACG 3103, ACG 3113, and ACG 4123.