ACCT 2822 Intermediate Accounting II
Course Information
| Course Number | ACCT 2822 |
|---|---|
| Course Title | Intermediate Accounting II |
| Description | This is the second of the two course intermediate accounting series. The content of the course covers operational assets, investments, current liabilities and contingencies, long term debt, leases, accounting for income taxes ,accounting changes and error corrections and other advanced accounting topics. (Prerequisite: ACCT 2821 or equivalent) |
| Total Credits | 3 |
| Total Hours | 48 |
| Instruction Type | Credits and Hours |
|---|---|
| Lecture | 3 Credits, 48 Hours |
Pre/Corequisites
Prerequisite: ACCT 2821 or equivalent
Institutional Core Competencies
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Differentiate between investments that companies make in the stock and debt securities of other companies.
- Analyze current liabilities and contingencies
- Illustrate the accounting treatment of long-term liabilities
- Differentiate the accounting treatment of leases from the viewpoint of the lessee and lessor
- Apply the accounting treatment for temporary and nontemporary differences between GAAP and tax reporting
- Distinguish between invested capital and earned capital
- Illustrate share-based compensation and earnings per share
- Differentiate between accounting changes and error corrections
- Demonstrate the measurement of reporting issues involving operating assets
- Differentiate the different methods of cost recovery
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.