ACCT 303 - Intermediate Accounting III

Credits: 5
Continuation of ACCT 302, Intermediate Accounting II. This course covers business capital structures, interim reporting, and advanced analysis of domestic and international financial statements and standards.
Course Outcomes:

Apply accounting principles to long-term obligations including pensions, post-retirement benefits, and leases.
Apply the full disclosure principle in financial reporting.
Prepare and explain a Statement of Cash Flows using both the direct and indirect methods.
Analyze the effects of income taxes on current and future periods.
Analyze the effects of international and domestic accounting standards on financial reporting.
Evaluate the impact of accounting changes and errors on financial statements, including changes in estimates and principles.

Last Updated:
03/20/2026
Course Topics:

Corporate taxes current and deferred
Pension accounting and post-retirement benefits
Lease accounting, capital leases and operating leases
Accounting changes and error analysis
Statement of cash flows
Full disclosure and financial statement analysis

LEC Credits: 5
LEC hours per week: 5
Prerequisite(s): Grade of C or higher in ACCT 302
Course Attribute(s): Course-BAS
OEE Permitted: No
Grading Basis: Graded
Instructor/Department Consent Required: Consent Required
CIP Code: 52.0301
Default Section Size/Cap: 25
Quarter(s) offered:

Spring