Intermediate Accounting III discusses accounting for investments, revenue recognition, income taxes, pensions and postretirement benefits, and leases. The course also covers principles involved in accounting for changes of various types as well as for correction of errors. This course will also summarize the preparation of statements of cash flows as well as full disclosure in financial reporting. Throughout, the course will analyze the impact of international accounting standards on accounting issues. The material makes references to both the U.S. Accounting Standards issued by the Financial Accounting Standards Board (FASB) and the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
After completing this course, you should be able to:
CO 1 Analyze the proper accounting for investments in securities and derivative instruments.
CO 2 Apply various accounting methods for revenue recognition.
CO 3 Discuss the proper accounting for income taxes.
CO 4 Discuss the proper accounting for pensions and postretirement benefits.
CO 5 Explain the accounting standards for capital and operating leases.
CO 6 Discuss reporting requirements concerning changes in accounting principles and errors.
CO 7 Analyze the statement of cash flows under both the indirect and the direct method.
CO 8 Explain the requirements for full disclosure in financial reporting.
CO 9 Distinguish between the U.S. Accounting Standards and the International Accounting Standards.
CO 10 Predict the effects of the International Accounting Standards on the U.S. economy and the accounting profession.
You will need the following materials to complete your coursework. Some course materials may be free, open source, or available from other providers. You can access free or open-source materials by clicking the links provided below or in the module details documents. Please visit the following website to purchase course materials: University's textbook supplier.
Intermediate Accounting III is a 3-credit, online course consisting of 9 modules. Modules include an overview, topics, learning objectives, study materials, and activities. Module titles are listed below.
You are required to participate in the following for formal work in the course:
See below for details.
Consult the Course Calendar for due dates.
One or more of your course activities may utilize a tool designed to promote original work and evaluate your submissions for plagiarism. More information about this tool is available in this Plagiarism Detection Tool Google document.
You are required to participate in 9 graded discussion forums as well as an ungraded "Introductions" forum. Most of the online discussions involve a case study.
Located within the Evaluation Rubrics section of the course Web site is the online discussion forum rubric used to aid in the grading of all online discussion activities.
You are required to complete 9 written assignments. Eight of these include exercises, problems, and IFRS application assignments. The last assignment involves a short paper.
Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of all written assignments.
The final paper consists of a paper of 2,500 to 3,000 words (10 to 12 pages) in which you will examine the effects of reporting comprehensive income on the quality of financial reporting. See the Final Project area of the course for a fuller description.
Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of the final project.
Your grade in the course will be determined as follows:
All activities will receive a numerical grade of 0–100. You will receive a score of 0 for any work not submitted. Your final grade in the course will be a letter grade. Letter grade equivalents for numerical grades are as follows:
To receive credit for the course, you must earn a letter grade of C or higher on the weighted average of all assigned course work (e.g., assignments, discussion postings, projects). Graduate students must maintain a B average overall to remain in good academic standing.
To succeed in this course, take the following first steps:
Consider the following study tips for success:
TESU's Academic Code of Conduct permits student AI use in support of their writing and research process—not as a replacement for original writing.
Document AI use with an acknowledgment statement at the end of each assignment, noting the tools and prompts used. Cite any AI-generated content on the References page.
Please review Using AI Ethically: A Guide for TESU Students for more detailed information.
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The Office of Student Accessibility Services (OSAS) oversees requests for academic accommodations related to disabilities, including:
Information can be found on the Office of Student Accessibility Services webpage.
Questions can be sent to ADA@tesu.edu.
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