2021 - 2022 College Catalog 
    
    Oct 20, 2021  
2021 - 2022 College Catalog

ACCT 220 - Intermediate Accounting II


Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): Grade of C or better in ACCT 210  

Restriction(s): None

Corequisite(s): None

A continuation of intermediate accounting, topics include plant and equipment (acquisition, depreciation, revaluations), intangibles, long-term liabilities, stock holders’ equity (paid-in capital, retained earnings), and analytical processes (comparative data, special ratios and measurements, errors and their correction, and price level changes).

Student Learning Outcomes of the Course:
  1. Calculate and record the accounting treatment and financial statement impact of obligations associated with employee payroll.
  2. Calculate and record the accounting treatment and financial statement impact of leased assets and obligations.
  3. Calculate and record the accounting treatment and financial statement impact of leased assets and obligations.
  4. Calculate and record the accounting treatment and financial statement impact of the issuance and purchase of bonds and notes payable.
  5. Calculate and record the accounting treatment and financial statement impact of stockholders’ equity transactions.