| Intermediate Accounting II (Paper-Based) |
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| Overview: |
| This course, along with Intermediate Accounting I, provides the student with the concepts of financial accounting information and its increasingly varied uses. Part of the Accounting and Federal Government Accounting Procedures Certificates. ACE College Credit Recommendation Service reviewed.
In this independent study paper-based course, you submit assignments to an instructor, who grades them and gives you feedback. Textbooks must be purchased separately. Take up to one year to complete.
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| Who Should Attend? |
| Accountants and auditors who need to document professional knowledge of accounting, professional ability to apply accounting knowledge, and positive and continuing development of professional knowledge and ability. |
| Prerequisites: |
| Principles of Accounting I (ACCT1101C), Principles of Accounting II (ACCT1102C), Principles of Accounting III (ACCT1103C) and Intermediate Accounting I (ACCT2201C), or equivalent. |
| Additional Information: |
| Order textbooks from Specialty Books. Select subject area Accounting and Auditing, then select course. |
| Objectives: |
| Summarize the valuation of liabilities, investments, and contributed capitalExplain income recognition and equityDemonstrate accounting concepts for income taxes and post-employment benefitsDemonstrate accounting concepts for leasesExplain cash flows |
| Syllabus: |
Syllabus -- Intermediate Accounting II, ACCT2202C, Grad. School, USDA
Required Textbooks
Order textbooks from Specialty Books
If you have taken Intermediate Accounting I, you already have these books.
Learning Outcome
Upon successful completion of this course, the student will be able to:
- Understand the nature of long-term liabilities
- Apply FASB Statement No. 115
- Account for stock splits, stock dividends, and warrants
- Define a corporation and its characteristics
- Account for the sale, purchase, and subscription of capital stock
- Prepare the balance sheet presentation for contributed capital
- Journalize, cash, property, stock scrip, and liquidating dividends
- Prepare statements of retained earnings and stockholder equity
- Distinguish between alternative revenue recognition methods
- Explain the differences between pretax financial and taxable incomes
- Apply loss carrybacks and loss carryforwards
- Understand the application of accounting principles for defined benefit pension plans
- Apply the accounting and reporting of lessees and lessors
- Prepare the disclosures required for the reporting of leases for lessees and lessors
- Prepare the statement of cash flows by direct and indirect methods
- Compute earnings per share for simple and complex capital structures
- Calculate "fully diluted earnings" per share
- Apply the accounting, reporting, and required disclosure reporting using numerous different methods.
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