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Accounting 202: Intermediate Accounting II
December 2014 – Present.
Upon successful completion of this course, students will be able to: evaluate and disclose financial information for transactions involving fixed and intangible assets; assess accounting for securities and investments by preparing entries and properly recording financial information under a variety of different scenarios; analyze financial information for transactions as they apply to current liabilities and contingencies; evaluate financial information for transactions involving bonds and notes payable; prepare and describe transactions about a company’s leases, for both operating leases and capital leases; record transactions and prepare proper financial information as it pertains to stockholder equity transactions and comprehensive income; calculate corporate income and account for corporate income taxes; explain the different type of entries and financial disclosures required for pension plans and related post-retirement benefits, such as medical insurance; and consider a variety of accounting changes and error types found on the financial statements, including prospective and retrospective-type disclosures.
The course is self-paced, and instruction is delivered through online video and text lessons. Students are assessed through quizzes and a proctored final exam. Topics include: accounting for fixed and intangible assets; accounting for securities and investments; accounting for liabilities and contingencies; accounting for bonds and notes payable; accounting for operating and capital leases; accounting for shareholder equity and comprehensive income; cash flow statements and disclosures; accounting for corporate income taxes; pensions and post-retirement benefits; and identifying and correcting errors in accounting.
In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Intermediate Accounting (12/17) (10/22 revalidation).