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. Complete projects including data analytics using accounting software.   (Spring Term Only) Four hours lecture each week. Four Credits. Four billable hours.

Pre-requisite(s): ACCT 201.
Course Topics:
Current and noncurrent liabilities; stockholders’ equity and investments; development of cash flow statements; developing familiarity with accounting software; journal entries related to stock and shareholder equity; liabilities, contingencies, and troubled debt restructuring; value and account for dilutive securities; proper accounting of pensions and post-retirement benefits; cash flows using direct and indirect methods; data analytics using accounting software.
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.