ACCT 2130 - Intermediate Accounting II

4.5 Credits

Students engage in an advanced study of financial accounting. This is the second of three courses covering intermediate financial accounting. Students review and expand knowledge of basic accounting theory as related to current and long-term assets. Emphasis is on cash and receivables, inventory, and tangible and intangible long-term assets.

Note: Students should attempt to take ACCT 2120, ACCT 2130, and ACCT 2140 immediately after one another to facilitate understanding and learning.

Prerequisites: (1) ACCT 2120 with a grade of C or better

Lecture Hours: 4.5
Lab Hours: 0.0
Internship Hours: 0.0
Clinical or Practicum Hours: 0.0

Course Objectives

Identify, classify, value, record and report cash and receivables.
Identify, classify, value, record and report investments.
Identify, classify, value, record and report inventories.
Identify, classify, value, record and report tangible and intangible assets.
Explain the value of and prepare the Statement of Cash Flows.
Discuss the primary differences between U.S. GAAP and IFRS.
Apply ethical reasoning to accounting scenarios.

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