IVY TECH STATE COLLEGE-NORTHCENTRAL
SYLLABUS
Accounting Technology
Associate in Applied Science
COURSE TITLE:
COURSE NUMBER:
PREREQUISITES:
PROGRAM:
DIVISION:
CREDIT HOURS:
CONTACT HOURS:
Intermediate Accounting II
ACC 202
ACC201 – Intermediate Accounting I
Accounting
Business Division
3
3 Lecture
DATE OF LAST REVISION: Spring 2005
EFF. DATE OF THIS REVISION: Fall 2005
COURSE DESCRIPTION: Continues studies of Intermediate Accounting I and includes long-term
investments, long-term debt, stockholders’ equity, special accounting problems and analysis, and
financial statement analysis. Also included are corporate capital and treasury stock transactions,
dividends, earning per share, accounting for income taxes and creation of financial statement from
incomplete records.
GENERAL COURSE LEARNING OBJECTIVES: Upon completion of this course the student will be
able to:
1.
Recognize and apply terminology used throughout the course.
2.
Calculate and prepare journal entries for:
a.
Long-term investments in stock under the cost, equity and market value methods.
c.
Conversion of convertible securities.
b.
Acquisition of long-term investments in bonds, including amortization of discount and
premium using the interest or straight-line methods.
d.
other long-term investments, including long-term receivables and special-purpose
funds.
e.
long-term debt and term or serial bonds, either on or between interest dates, to include
amortization of bond premium or discount using the interest or straight-line methods.
f.
the early extinguishment of bonds.
g.
the issuance of convertible bonds and their conversions, bonds with stock warrants
attached, and zero-coupon bonds.
h.
subscription, issuance and defaults of capital stock.
i.
stock splits and stock dividends.
j.
the issuance of stock warrants.
k.
the conversion of convertible bonds and preferred stock to common stock.
3.
Discuss structure and equity definitions of the corporation, including the components and
characteristics of stockholder’s equity.
ACC 202 – Intermediate Accounting II
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GENERAL COURSE OBJECTIVES: (con’t)
4.
Discuss characteristics of preferred stock (convertible, callable and redeemable) and calculate
dividends for cumulative, noncumulative, participating, nonparticipating preferred stock in cash
or nonmonetary assets.
5.
Detail the items affecting retained earnings.
6.
Discuss noncompensatory and compensatory stock option plans.
7.
Define treasury stock, discuss its relationship to stated or legal capital and prepare journal
entries for it using either the par or cost methods.
8.
Create and detail the statement of retained earnings and the stockholder’s equity section of
the balance sheet.
9.
Calculate earnings per share for simple and complex capital structures, including presentation
of primary and fully diluted earnings per share.
10.
Define and discuss the nature of interperiod and intraperiod tax allocation and prepare
necessary journal entries.
11.
Define, differentiate, and prepare journal entries for the four basic types of accounting
changes. These include a change in principle, a change in estimate, a change in reporting
entity.
12.
Analyze, evaluate and create financial statements from incomplete accounting records.
13.
Analyze and evaluate financial statements using various measurements and ratios for liquidity,
solvency, return on investments, and other factors
14.
Apply, calculate and perform the accounting for construction-type contracts under the
percentage of completion and completed-contract method
OPTIONAL:
15.
Research an accounting topic of current interest and write a report on the findings.
COURSE CONTENT: Topical areas of study include –
Accounting ethics
Financial statements
Accrual accounting
Cash based accounting
Accounting management controls
Long-term asset acquisition, disposal and depreciation
Inventory methods
Correction of previous entries
Analysis of accounting information
ACC 202 – Intermediate Accounting II
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TEXTS/CURRICULUM MATERIALS:
Kieso, Wygandt & Warfield, Intermediate Accounting, 11th Edition, John Wiley & Sons
Publishing,
Study Guide is optional, but recommended.
ACADEMIC HONESTY STATEMENT:
The College is committed to academic integrity in all its practices. The faculty value intellectual
integrity and a high standard of academic conduct. Activities that violate academic integrity
undermine the quality and diminish the value of educational achievement.
Cheating on papers, tests or other academic works is a violation of College rules. No student shall
engage in behavior that, in the judgment of the instructor of the class, may be construed as cheating.
This may include, but is not limited to, plagiarism or other forms of academic dishonesty such as the
acquisition without permission of tests or other academic materials and/or distribution of these
materials and other academic work. This includes students who aid and abet as well as those who
attempt such behavior.
ADA STATEMENT:
Ivy Tech seeks to provide effective services and accommodations for qualified individuals with
documented disabilities. If you need an accommodation because of a documented disability, you are
required to register with Disability Support Services at the beginning of the semester. If you will
require assistance during an emergency evacuation, notify your instructor immediately. Look for
evacuation procedures posted in your classrooms.
METHOD(S) OF DELIVERY: Lecture and Blackboard resources.
MATERIALS AND SUPPLIES TO BE SUPPLIED BY STUDENT: Required textbook, calculator.
METHOD(S) OF EVALUATION:
Mid-term Exam
Special Projects (2)
Homework & Class Participation
Final Exam
TOTAL
MAKE-UP POLICY:
20%
35%
25%
20%
100%
Missed tests must be made up before the next class session. You must notify me prior to
missing the test so that arrangements can be made to take the test. Only extenuating
circumstances, such as accident, illness, or change in work schedule will allow extra time for
make-up test without penalty.
ACC 202 – Intermediate Accounting II
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GRADING:
90 - 100% = A
80 - 89% = B
70 - 79% = C
60 - 69% = D
Below 60% = F
ATTENDANCE POLICY:
Attendance/punctuality, attitude/self-motivation, class participation, make-up of missed work,
will be considered in determination of final grade.
DISABILITY SUPPORT SERVICES:
In South Bend, call Amy Matthews, 574-289-7001. Ext. 5340.
Her office is in Room 1213 (in the Learning Lab) on the South Bend campus.
LAST DATE TO DROP:
GENERAL EDUCATION OUTCOMES:
Ivy Tech State College is committed to graduating students who have the appropriate technical and
general education skills. General Education skills are assessed in selected courses through an
authentic assessment project to evaluate curriculum effectiveness.
COURSE ACTIVITY DISCLAIMER:
The instructor reserves the right to alter the type and sequence of activities scheduled for this course.
CALENDAR OF ACTIVITIES:
As described on the Intermediate Accounting II Assignment Sheet
ACTIVITIES SCHEDULE:
Week
1
Topic
Introductory Remarks
Chapter 3 Review
2
Chapter 14,
Long Term Liabilities
3
Chapter 14,
Long Term Liabilities (continued)
4
Chapter 15
Stockholders’ Equity
5
Chapter 15
Stockholders’ Equity (continued)
6
Chapter 16
Dilutive Securities & Earnings per share
ACC 202 – Intermediate Accounting II
7
Chapter 17
Investments
8
Chapter 18
Revenue Recognition
9
Mid-term Exam
10
Chapter 19
Accounting for Income Taxes
11
Chapter 20
Accounting for Pensions & Post Retirement Benefits
12
Chapter 21
Accounting for Leases
13
Chapter 22
Accounting Changes and Error Analysis
14
Chapter 23
Statement of Cash Flows
15
Chapter 24
Full Disclosure in Financial Reporting
16
Final Exam
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