ACCT 202 - Intermediate Accounting 2

Number of Credits: 4
Journalize current and noncurrent liabilities, stockholders’ equity, and investments. Prepare financial statements with an emphasis on disclosure of leases, deferred income taxes, accounting changes, pensions obligations, and development of the cash flow statement. Prerequisite: ACCT-201. Four hours lecture each week. Four credits. Four billable hours. Offered Spring Term only. (Spring Term Only) Four hours lecture. Four Credits. Four billable hours.

Pre-requisite(s): ACCT 201.
Course Objectives: Upon successful completion of this course, students will be able to:
1. Account for current liabilities and contingencies. (PG 6)
2. Prepare journal entries related to stock and shareholder
equity. (PG 6)
3. Analyze issues of liabilities, contingencies and troubled debt
restructuring.
4. Value and account for dilutive securities, including earnings
per share solutions.
5. Journalize transactions involving investments, leases,
deferred income taxes, and accounting changes. (PG 7)
6. Explain the proper accounting of pensions and post-retirement
benefits. (PG 1)
7. Prepare a detailed statement of cash flows using both the
direct and the indirect methods.