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ACC 202: Intermediate Accounting II

3 credits

Designed to strengthen student conceptual approach to financial accounting. While studying the currently accepted methods of valuation and measurement of the economic resources and equities of the firm, student is introduced to the pronouncements issued by the Financial Accounting Standards Board. Accounting for pensions, leases, and price-level changes are some of the topics incorporated into the course.

Learning Goals

Course Goals: Upon completion of this course, the successful student will be able to:1. discuss the terminology of financial accounting as it relates to corporations.2. apply the U.S. GAAP to record and report investments, liabilities and stockholders’ equity. [Note: In Intermediate Accounting I, you learned how to record and report current assets, plant assets and intangible assets]3. understand the reporting of items related to leases, pensions and other post-retirement obligations, and deferred income taxes in the financial statements of a corporation.4. calculate and report earnings per share and stock-based compensation.5. prepare a statement of cash flows for a corporation.6. evaluate current practices with respect to recording of revenue under different circumstances.7. communicate the meaning of the different items in financial statements and the accompanying notes. 8. understand the importance of professional and ethical issues involved with accounting.

Sections Offered: Spring 2027

Sections Offered: Fall 2026