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Course Description

This course concludes the studies begun in Intermediate Accounting I/II by focusing on more complex accounting topics in financial accounting, such as revenue recognition concepts, accounting methods for income taxes, pensions, leases, accounting changes, error analysis, and cash flow statements. It also provides a basic introduction to financial statement analysis.

Learner Outcomes

Upon successful completion of this course, students will be able to:

  • Identify and properly categorize assets classified as investments
  • Discuss revenue recognition concepts
  • Apply the percentage of completion method for long-term contracts
  • Apply accounting concepts for both operating and capital leases from both the lessor and lessees standpoint
  • Apply accounting concepts and calculate earnings per share, fully diluted earnings per share, and anti-dilutive earnings per share
  • Analyze cash flow statements
  • Provide basic analysis of financial statements for investment and credit decisions

Prerequisites

Intermediate Accounting II, equivalent course, or consent of instructor.

Notes

Completion of the UCSB PaCE Professional Accounting Certification Program does not result in CPA licensure.  While courses in this program may count toward the educational requirements for individual states' boards of accountancy, completion of this program will not, in itself, fulfill the education, professional experience, or examination requirements to qualify for CPA licensure. For more information about the requirements for the CPA Licensure, students should consult the State Board of Accountancy for the State or jurisdiction in which they are interested in practicing. 

Applies Towards the Following Certificates

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Classes are offered according to the schedule on the respective Certificate or Program Page. Please click on the Request Information below to be promptly notified when enrollment opens.