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Course Description

This course concludes the studies from Intermediate Accounting I by exploring complex topics involving stockholder's equity, earnings per share, investments, revenue recognition, accounting for income taxes, leases, and pensions and other long term benefit obligations.  The course also covers accounting errors and changes, audit reports and financial statement disclosures.

Successful completion of this course is the basis of preparation for enrolling in Advanced Accounting.

Learner Outcomes

  • Understand the components of stockholder’s equity and how different classes of shares of stock impact earnings per share calculations
  • Communicate why earnings per share is an important metric for most publicly held companies
  • Identify and properly categorize assets classified as investments
  • Discuss revenue recognition concepts and apply the percentage of completion method for long-term contracts
  • Understand the differences between tax obligations and US GAAP accounting for taxes
  • Explain the accounting related to pensions and similar long-term obligations
  • Apply accounting concepts for both operating and capital leases from both the lessor and lessees' standpoint
  • Identify the differences between accounting changes and corrections.
  • Understand what auditors attest to in their reports and review required financial statement disclosures.
     

Prerequisites

Suggested: Intermediate Accounting I, equivalent course, or consent of instructor

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
Online
Days
Th
Time
6:00PM to 7:30PM
Dates
Oct 03, 2024 to Dec 12, 2024
Campus
Web-based Instruction
Schedule and Location
View Details
Contact Hours
36.0
Location
  • Web-based Instruction
Delivery Options
Online Blended  
Course Fee(s)
Course Fee credit (4 units) $685.00
Potential Discount(s)
Available for Credit
4 units
Instructors
Section Notes

Steps to Enroll

How to Access Your Online Course on Canvas

Late Registrations Notice: 

Self-enrollment will be available until 11:59 PM PT of the second business day after the 1st class session (i.e. If the first class starts on Thursday, self-enrollment is open until the following Monday at 11:59 pm).  If you wish to enroll after that time, please contact PaCE Support at help@professional.ucsb.edu

Required Textbook(s):
Students are required to purchase the textbook(s) assigned by the instructor. The instructor will provide details to the class prior to the course start date.

No refunds after 10/13/24
A minimum $40 non-refundable administrative fee per course is charged for all drops. See the full Drop Policy here.