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ACC 2102 Intermediate Accounting II

Transaction analysis and financial reporting for long-term assets, long-term liabilities and stockholder's equity.

Division: Business and Public Services
Department: Accounting
Repeatable Credit: No
Offered Online: No

Prereqs: ACC 2101 

Outcomes

  • Journalize and appropriately report transactions in the financial statements dealing with non-current operating assets, investments, long-term debt and leases, and stockholder's equity.
  • Apply time value of money concepts to relevant accounting transactions.
  • Prepare an Income Statement including earnings per share, the Balance Sheet, Statement of Cash Flows and the appropriate statement of owner's equity in good form according to GAAP emphasizing the reporting of non-current assets, liabilities and stockholder's equity.
  • Identify, define and apply to practical transactions the concepts, principles and constraints that underlie financial accounting and reporting under GAAP (Generally Accepted Accounting Principles).
  • Journalize and post daily transactions and perform end-of-year procedures through the reversing entries emphasizing non-current asset, non-current liability and stockholder equity.

Credit Hours: 3

Classroom Hours: 3