Business and Economics

Education Courses


Product Details

Intermediate Accounting II (ACC-302)
Various: distance learning format

Varies (self-study; self-paced)

March 2021 - Present.

Subject Area:
Business and Economics

Number of Credits:

Learner Outcomes:
Upon successful completion of this course, students will be able to: demonstrate your understanding of accounting for investments by preparing entries and properly recording financial information under a variety of different scenarios; account for and disclose financial information for transactions as they apply to current liabilities and contingencies; demonstrate knowledge of the accounting for bonds payable and notes payable by preparing appropriate entries and financial disclosure information for the bonds and notes along with related balance sheet and income statement accounts; analyze and record accounting transactions that apply to income taxes and related accounts on the income statement and the balance sheet; prepare and describe transactions about a company’s leases, for both operating leases and capital leases; explain the different type of entries and financial disclosures required for pension plans and related post-retirement benefits, such as medical insurance; discuss and prepare financial information and transactions as it pertains to stock options and other related equity-type compensation plans; account for a variety of accounting changes and error types found on the financial statements, including prospective and retrospective-type disclosures; demonstrate an introductory knowledge of the accounting for derivatives on the financial statements; and prepare and explain a statement of cash flows, with its categories of cash flows from operating, investing, and financing activities, and discuss and evaluate disclosure requirements for cash flows.

Intermediate Accounting II (ACC-302) is the second course in a two-course sequence that covers financial reporting for external parties. Accounting methods and procedures under generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) will be covered. Topics covered include investments, current liabilities and contingencies, bonds and long-term notes, leases, accounting for income taxes, pensions, shareholders’ equity, earnings per share, share-based compensation, accounting errors, and the statement of cash flows. This course is essential for students who wish to pursue a major in accounting.

Credit Recommendation:
In the upper division baccalaureate degree category, 3 semester hours in Business, Accounting, or as a general elective (5/21).