ACCT 3103 Intermediate Accounting III

Prerequisites: ACCT 3101 and ACCT 3102 with a grade of C or better. Examination of complex concepts of financial accounting as well as International Financial Reporting Standards. Financial accounting topics include deferred tax assets and liabilities, accounting for defined pension plans, leasing, changes in accounting principles, errors and corrections, marketable securities and corporate investments, cash flow statements, and full disclosure requirements. International Financial Reporting Standards cover the standard setting process, rule verse theory standard setting, fair value accounting, and presentation differences.