A continuation of Financial Accounting I, the course further develops the student’s technical and problem-solving ability that will be required in the accounting process and the preparation and analysis of financial statements.  Emphases are on accounting for equity and other dimensions of accounting and financial reporting including emerging issues and future directions.

The objectives are: to further enhance the student’s ability to comprehend and evaluate the conceptual framework which underlies accounting methods and reports, to provide students with a more complete understanding and knowledge of current accounting practice, to discuss current issues and future directions related to the disclosure of financial accounting information for reporting purposes.