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ACCT221M - Intermediate Accounting II (3-0-3)

The second of three classes for Intermediate Accounting, this course continues the intensive study begun in Intermediate Accounting I. Students will study the recording and disclosure requirements for acquisition and disposition of long-term assets, depreciation and impairment of assets, intangible assets, current liabilities, contingencies, contract accounting, long and short-term debt, estimated liabilities, investments, shareholders’ equity transactions, stock issuance and retirement, revenue recognition, dilutive securities and earnings per share. Integrated within this class is exposure to sample CPA exam questions and the use of EDGAR or similar databases for conducting accounting research.

Prerequisite: ACCT220M.