acc423 | undergraduate

Intermediate Financial Accounting III

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This course is the third of a three-part series of courses related to intermediate accounting. This course examines owners' equity, investments, income taxes, pensions and post-retirement benefits, as well as changes and error analysis. The course finishes with a look at derivative instruments. Interwoven in the presentation of the material is an assortment of ethical dilemmas that encourage discussions about how the accountant should handle specific situations.

This undergraduate-level course is 5 weeks This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5 weeks

topic title goes here

    Accounting for Income Taxes

    • Calculate current and deferred tax assets and liabilities.
    • Differentiate between temporary and permanent differences and between pretax financial income and taxable income.

    Accounting for Pensions and Postretirement Benefits

    • Differentiate between a defined contribution and a defined benefit plan.
    • Record other postretirement benefits.
    • Calculate pension liability and expense.
    • Determine the components of pension expense.

    Accounting Changes and Error Analysis

    • Prepare journal entries and disclosures associated with changes in accounting principles, reporting entities, and estimates.
    • Prepare journal entries and disclosures associated with changes due to errors.

    Owners' Equity and Earnings per Share

    • Calculate basic and diluted earnings per share (EPS).
    • Record journal entries related to common, preferred, treasury stock, and dividends.
    • Distinguish between contributed capital and retained earnings.
    • Evaluate promulgated accounting treatments for stock compensation.

    Investments

    • Distinguish between debt and equity investments.
    • Determine when to use the fair value and equity methods of accounting for investments.
    • Prepare journal entries for investments using the fair value and the equity method.
    • Distinguish between traditional and derivative financial instruments.
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    While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.

    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.