Management 120B: Intermediate Financial Accounting II. (5 units)
Prerequisite: Mgmt 120A. Intermediate-level course in theory and practice of financial accounting. Underlying concepts of long-term liability recognition and valuation, including bonds, long-term debt, leases, deferred taxes, and pensions. Concepts of shareholder's equity, including earnings per share, accounting changes, error corrections and the Statement of Cash Flows.