Master Syllabus

Intermediate Accounting II

I. BASIC COURSE INFORMATION

  1. Course Title: Intermediate Accounting II
  2. Course Number: ACC206
  3. Course Name: Accounting
  4. Credit Hours: 3
  5. Semesters Offered: Spring
  6. Prerequisite: ACC 205 Intermediate Accounting I

 

II. COURSE DESCRIPTION

Continuation of Intermediate Accounting I. Study of property, plant, and equipment, depreciation and depletion, intangible assets, current and contingent liabilities, long-term liabilities, capital stock, additional paid-in capital, retained earnings and earnings per share calculations.

III. RATIONALE OF COURSE

Students' basic financial accounting knowledge is broadened as more complex problems are solved and current trends and specialized topics are introduced. Emphasis is placed on preparation for advanced study and professional examinations. The students will gain proficiency in handling practical applications of accounting theory.

IV. COURSE COMPETENCIES

  1. Determine the cost of property, plant and equipment at, and subsequent to acquisition.
  2. Compute and contrast depreciation and depletion for whole and partial periods.
  3. Understand the complex issues in accounting for intangible assets.
  4. Describe various current liabilities including their identification, measurement/valuation, recording, and disclosure.
  5. Journalize entries for bonds and other forms of long-term debt.
  6. Journalize transactions of common, preferred and treasury stock.
  7. Understand the differences and prepare journal entries to account for the various forms of dividends.
  8. Compute earnings per share for both simple and complex capital structures.
  9. Communicate results of financial accounting issues and analysis in a clear, concise written format.
  10. Analyze and solve intermediate accounting problems using Lotus 1-2-3.