Advanced application of accounting principles to the accounting and reporting of asset, liability, and equity accounts and financial statements. Includes coverage of professional pronouncements related to proper reporting and disclosure of financial information. The conceptual framework of accounting, current and noncurrent assets and liabilities, stockholders' equity, leases, pensions, earnings per share, deferred taxes, and stock options are included.Prerequisite: 29:010:203 for Intermediate Accounting I. 29:010:305 for Intermediate Accounting II.