Course Abstract Details

ACCT-202, Intermediate Accounting 2

Credits: 4

Course Description

ACCT-202, Intermediate Accounting 2, involves a thorough study of accounting for current and non-current liabilities, stockholders' equity, and investments. In addition, emphasis is placed on proper financial statement disclosure of leases, deferred income taxes, accounting changes, pension obligations, and development of the cash flow statement. 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. Account for current liabilities and contingencies. (ACCT PG 4) 

2. Prepare journal entries related to dealings in a corporation's stock or shareholder equity. (ACCT PG 4) 

3. Analyze issues involving liabilities, contingencies, and troubled debt restructuring and solve problems in these areas with appropriate journal entries. (ACCT PG 4) 

4. Value and account for dilutive securities. (ACCT PG 4) 

5. Solve complicated earnings per share problems involving dilutive securities. (ACCT PG 4) 

6. Analyze and journalize transactions involving investments, leases, deferred income taxes, and accounting changes. (ACCT PG 4) 

7. Explain the proper accounting of pensions and postretirement benefits. (ACCT PG 4) 

8. Prepare a detailed statement of cash flows using both the direct and indirect methods. (ACCT PG 3) 

9. Demonstrate quantitative literacy by using accounting models to define, represent, and solve mathematical problems. (ACCT PG 1, GE GOAL 3) 

10. Use critical thinking to analyze financial transactions. (ACCT PG 2, GE GOAL 2)

Learning Goals

The abbreviations in parentheses represent Learning Goals which have been identified for this course and program of study:

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