ACC-202 Intermediate Accounting II

A continuation of ACC-201, stressing a broader application of principles in previous accounting courses.

Credits

4

Prerequisite

ACC-201

Lecture Contact Hours

3

Lab Contact Hours

0

Other Contact Hours

1

Department

• Business

Grading Scheme

• Letter

SUNY Gen Ed Credit

• No

Course Learning Outcomes

1. Students will be able to identify current accounting issues for liabilities and prepare the appropriate journal entries to record transactions.
2. Students will be able to identify current accounting issues for Stockholder’s Equity and prepare the appropriate journal entries to record transactions.
3. Students demonstrate the calculation of primary and fully diluted earnings per share.
4. Students will be able to identify current issues in accounting for investments and prepare the appropriate journal entries to record transactions.
5. Students will calculate the required liability and expense for post retirement benefits and will prepare the appropriate journal entry.
6. Students will identify differences in accounting for various transactions between the Internal Revenue Code and Generally Accepted Accounting Principles. They will be able to prepare the appropriate journal entry for income tax.
7. Students will demonstrate the preparation of the Statement of Cash Flows under the Direct and Indirect methods.
8. Students will be able to distinguish between operating and capital leases and demonstrate the appropriate accounting for both.
9. Students will distinguish between accounting errors, accounting principle changes and changes in estimates and demonstrate the appropriate accounting for each.