ACCT 202 - Intermediate Accounting II

1. Recognize and apply terminology used throughout the course.
2. Calculate and prepare journal entries for:
   1. Long-term investments in stock under the cost, equity, and market value methods.
   2. Acquisition of long-term investments in bonds, including amortization of discount and premium using the interest or straight-line methods.
   3. Conversion of convertible securities.
   4. Other long-term investments, including long-term receivables and special-purpose funds.
   5. Long-term debt and term or serial bonds, either on or between interest dates, to include amortization of bond premium of discount using the interest or straight-line methods.
   6. The early extinguishment of bonds.
   7. The issuance of convertible bonds and their conversion, bonds with stock warrants attached, and zero-coupon bonds.
   8. Subscription, issuance, and default of capital stock.
   9. Stock splits and stock dividends.
   10. The issuance of stock warrants.
   11. 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 stockholders’ equity.
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 non compensatory and compensatory stock options 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 stockholders’ 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 three basic types of accounting changes. These include a change in principle, a change in estimate, and 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 investment and other factors.
14. Apply, calculate, and perform the accounting for construction-type contracts under the percentage-of-completion and completed-contract methods.
15. Account for pension funds and pension plans.
16. Analyze and account for different types of lease transactions.
17. Analyze financial reporting disclosure requirements.

OPTIONAL:

18. Research an accounting topic of current interest and write a report on the findings

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
Course Addendum - Syllabus (Click to expand)