ACCT 303 - Intermediate Accounting III

Credits: 5
A continuation of Intermediate Accounting II and the last course of the sequence. Covers accounting for income taxes, pensions and other post-retirement benefits, shareholders’ equity, and additional financial reporting issues.

Enrollment Requirement: Admission into the BAS in Accounting program; and ACCT 302 with a grade of 2.0 or higher; or instructor consent.

Course Outcomes:

Students who successfully complete this class will be able to:

Account for income taxes, including financial statement presentation and disclosure notes.
Account for pension plans and post-retirement benefits.
Account for shareholders’ equity transactions involving stock, treasury stock, retained earnings, dividends, stock dividends, and stock splits.
Compute basic and diluted earnings per share.
Account for changes in an accounting principle, changes in an accounting estimate, and correction of errors.

Program Outcomes
Apply the accounting concepts, principles, and standards of Generally Accepted Accounting Principles (GAAP) to the measurement and reporting of economic transactions.

College-wide Outcomes

Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.