This course is a continuation of Intermediate Accounting I which builds on the fundamentals of financial accounting structure that students learned in Financial Accounting theory. The course content provides in-depth illustrations, expanded discussions and analysis on the treatment of contingencies, accounting for Bond and Long-term notes, leases, investments, pensions and other postretirement benefits, accounting for Income taxes accounting changes and error corrections as well as other advanced accounting issues relating to GAAP and IFRS. Prerequisite: ACCT 310, Spring.