Jenzabar University

Intermediate Accounting II (ACC 242)

Term: 2024-2025 Spring Semester

Faculty

Michael E HenryShow MyInfo popup for Michael E Henry

mhenry@cmcc.edu

Caroline D GrimmShow MyInfo popup for Caroline D Grimm

cgrimm@cmcc.edu

Description

ACC 242 Intermediate Accounting II
3 Credits (3 Lecture 0 Lab 0 Shop)
3 hrs/wk (3 Hrs. Lecture) *15 wks
This course continues the intensive study of financial accounting including the valuation of long-term liabilities and accounting for income taxes, leases, and pensions. Other topics are forming a corporation, recording various types of dividends, com puting earnings per share, as well as the preparation of the statement of cash flows. Application of accounting principles in recording, reporting, and disclosing accounting changes and prior period adjustments are also included. Prerequisite: ACC 240 with a grade of C or higher.