SYLLABUS
DIVISION: Business & Engineering Technologies
DATE:
12/1/2010
CURRICULA IN WHICH COURSE IS TAUGHT:
Accounting
COURSE NUMBER AND TITLE:
Accounting II
ACC 222, Intermediate
CREDIT HOURS: HOURS/ WK LECTURE:
4
I.
CATALOG DESCRIPTION: ACC 222 continues accounting principles and theory
with emphasis on accounting for fixed assets, intangibles, corporate capital structure, longterm liabilities, and investments.
II.
RELATIONSHIP OF THE COURSE TO CURRICULA OBJECTIVES IN
WHICH IT IS TAUGHT: Explain financial accounting theories and practices as
they relate to the business environment.
III.
REQUIRED BACKGROUND: Intermediate Accounting I must be taken prior to
entering Intermediate Accounting II.
IV.
COURSE CONTENT:
Current, Contingent and Long-Term Liabilities
Contributed Capital
Retained Earnings
Earnings Per Share
Revenue Recognition
Statement of Change in Financial Position
Accounting for Income Taxes
Pensions
Leases
V.
LEARNER OUTCOMES:
VI. EVALUATION
Define current, contingent and longTerm liabilities and illustrate how
They are applied in practice.
In-class test
Illustrate how current, contingent and
Long-term liabilities are reported and
Summarized.
In-class test
Explain and illustrate currently accepted
In-class test
Page 2
LEARNER OUTCOMES: Continued
EVALUATION: Continued
Accounting procedures followed by
Both investors and issuers of longTerm debt.
Explain and illustrate the proper
Accounting and disclosures for the
For the issuance, reacquisition and
Retirement of capital stock.
In-class test
In-class test
Describe and illustrate the accounting
And reporting of stock rights and
Options, stock conversions and stock
Splits.
In-class test
Describe the factors affecting retained
Earnings; prior period adjustments,
Earnings, dividends and
Quasireorganizations.
In-class test
Describe and illustrate the equity
Section in balance sheets of
Corporations.
In-class test
Describe and illustrate primary and
Fully diluted earnings per share for
Simple and complex capital structures.
In-class test
Identify and illustrate revenue recognition
Methods: point of sale, point of completion,
percentage of completion and installment.
In-class test
Illustrate and prepare a funds statement
On a cash flow basis.
In-class test
Identify and illustrate intraperiod and
Interperiod tax allocation and the recording of deferred income taxes.
In-class test
Describe and illustrate the accounting
And disclosure for operating and capital
Leases.
In-class test
Page 3
Illustrate methods of accounting for
Employers; pension costs including
Financial statement disclosure requirements
VI.
In-class test
GENERAL EDUCATION OBJECTIVES ADDRESSED IN THIS COURSE:
Communications
Learning Skills
Critical Thinking
Occupational Skills