Revised 08/2023

ACC 222 - Intermediate Accounting II (3 CR.)

Course Description

Continues accounting principles and theory with emphasis on accounting for fixed assets, intangibles, corporate capital structure, long-term liabilities, and investments. Lecture 3 hours per week.

General Course Purpose

This course analyzes Generally Accepted Accounting Principles and their techniques in depth for corporate reporting and analysis purpose.

Course Prerequisites/Corequisites

Prerequisite: ACC 221

Course Objectives

Upon completion of this course, the student will be able to:

• Explain accounting practices used for corporations
• Prepare cash flow statements
• Report Long term liabilities and stock-based compensations
• Demonstrate accounting practices used for pensions and leases

Major Topics to Be Included

• Long term debt: Notes Payable & Bonds – effective interest method and retirement
• Accounting and reporting for operating lease and Finance Lease – Lessee and Lessor.
• Income Tax accounting
• Pensions and other postretirement Benefits accounting
• Stockholders’ Equity topics: Paid-in Capital, Retained Earnings, Treasury Stocks,
• Accumulated Comprehensive Other Income
• Stock-based Compensation and Earning per share
• Accounting for Changes and Error corrections
• Statement of Cash flows with Direct and Indirect Method
• Current Liabilities accounting including contingencies reporting and disclosures
• Optional Topics
• Stockholders’ Equity topics: Paid-in Capital, Retained Earnings, Treasury Stocks,
• Accumulated Comprehensive Other Income
• Stock-based Compensation and Earning per share
• Accounting for Changes and Error corrections
• Statement of Cash flows with Direct and Indirect Method