Intermediate Accounting 3

Description

This course deals with the preparation of general-purpose financial statements in accordance with generally accepted accounting standards on financial reporting. It also covers reconstruction of accounts from incomplete records, change from cash basis to accrual basis of accounting, accounting changes, correction of errors, discontinued operations and segment reporting, standing.

At the end of the course, the students will be able to comply with the accounting standards in the preparation of financial statements and in accounting for changes and errors. The students will also be familiar with the cash and accrual basis of accounting and convert financial statements from one basis to another.