Carroll Community College

ACCT-202, Intermediate Accounting 2

Credits: 4

Course Description

Intermediate Accounting 2 studies non-current liabilities, stockholders' equity, cash flow statements, leases, investments, dilutive securities, taxes and financial statement preparation, disclosure, and analysis. Prerequisite: ACCT-201. Four hours lecture each week. Four credits. Four billable hours. Offered Spring Term only.

Course Objectives and Grading Information

Course Objectives: Upon completion of this course the student will be able to:

1. Prepare journal entries related to dealings in a corporation's stock or shareholder equity.

2. Analyze the issues involving liabilities, contingencies and troubled debt restructuring and solve problems in these areas with appropriate journal entries.

3. Solve complicated earnings per share problems involving dilutive securities.

4. Analyze and journalize transactions involving investments, leases, deferred income taxes and accounting changes.

5. Prepare a detailed statement of cash flows using the direct method.

6. Use a spreadsheet package to solve accounting problems.

7. Complete an internet research project involving the analysis of financial statements.