ACC304

Course Description

This is the second of a two part course of intermediate accounting. This course explores specific accounting issues more in depth. The aim of the course is to consider the theoretical foundations and problems associated with measurement of elements of general-purpose financial statements. Theory and standards relating to measurement and reporting of liabilities and owners’ equity are examined in details in this course. Specific topics concerning: Contingencies, leases, income tax allocation, price level changes and standards related to asset valuation, revenue recognition, gain and loss recognition, and their impact on income measurement and financial position are covered and discussed in detail.

Course Details