ACCT 222 - Intermediate Accounting 2

Credits: 4
Lecture Contact Hours: 4
Description: In this course you will learn the current accounting methods for liabilities, bond amortization, leases, pensions, income taxes, shareholders’ equity and stock-based compensation. You will prepare the statement of cash flows and statement of shareholders’ equity. In addition, you will learn to allocate income tax expense and compute earnings per share information.

Prerequisites: ACCT 202
Corequisites: None.
Recommended: None.

Course Category: Occupational
This Course is Typically Offered: Winter Only
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Course Competencies

Apply current accounting principles to current liabilities.
Apply current accounting principles to long term liabilities.
Calculate effective interest method for bond amortization.
Apply appropriate accounting treatment to leases.
Allocate income tax expense.
Apply current accounting principles to revenue recognition.
Apply current accounting principles to pension plans.
Apply current accounting principles to equity transactions.
Prepare the Statement of Shareholders’ Equity.
Apply appropriate accounting treatment to share-based compensation.
Compute earnings per share.
Evaluate changes in accounting principles.
Correct accounting errors.
Prepare the Statement of Cash Flow using direct and indirect methods.
Analyze the effect of financial activities on a company’s financial position.
Identify subsequent events and related disclosure requirements.