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

Semesters Course Will Be Offered

• Spring

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.

View Course Outline

ACC 202: Intermediate Accounting II

Department

Business

Course Description

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

Credit Hours

4

Contact Hours

Lecture	3
Lab	0
Other	1

Grading Scheme

Letter

Semester(s) Course Will Be Offered

Spring

Prerequisites

ACC-201

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.

Topic Outline

1. Property Plant and Equipment subsequent to acquisition
2. Current Liabilities and Contingences
3. Long-Term Liabilities
4. Stockholders' Equity: Issuance and Reacquisition of Capital Stock
5. Stockholders' Equity: Additional Paid-in Capital and Retained Earnings
6. Earning Per Share Calculations and Dilutive Securities
7. Investments in Securities and Funds
8. Revenue Recognition
9. Accounting Changes and Error Analysis
10. Accounting for Income Taxes
11. Accounting for Post Employment Benefits
12. Accounting for Leases
13. Statement of Cash Flows