91福利社

Course Outlines
Course Outlines

Intermediate Accounting II — ACCT 2003

  1. Course Description
    • Credits: 4.00
    • Lecture Hours/Week: 3.00
    • Lab Hours/Week: 2.00
    • OJT Hours/Week: 0
    • Prerequisites:
      • ACCT 2000: Intermediate Accounting I
    • Corequisites: None
    • MnTC Goals: None
    This course is part two of a two-part comprehensive study of accounting theory and concepts from the point of view of the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Concepts, and the Statements of Financial Accounting Standards and generally accepted accounting principles (GAAP). This course continues to place emphasis on student understanding of the accounting cycle and complex accounting principles. Topics include financial analysis tools; cost of acquisition, subsequent expenditures, depreciation, depletion, impairment, and disposal of property, plant and equipment; investments and long-term receivables; bonds and long-term liabilities; contributed capital; retained earnings and earnings per share (EPS); income taxes; postretirement benefits; and accounting for leases. Students will acquire practice in using the concept of the time value of money to determine the value of financial assets and liabilities. Prerequisite: ACCT 2000
  2. Course Effective Dates: 2/20/98 – Present
  3. Outline of Major Content Areas
      As noted on course syllabus
  4. Learning Outcomes
    1. Demonstrate advanced proficiency and understanding of the accounting cycle.
    2. Define and understand the accounting principles and methods of GAAP.
    3. Measure and recognize fundamental and complex business transactions and understand their effects on the financial reports and on changes in owner's equity.
    4. Demonstrate ability to analyze and interpret financial accounting information for decision making.
    5. Demonstrate an understanding of accounting theory and the assumptions and logic inherent in accounting techniques.
  5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
  6. Learner Outcomes Assessment
      As noted on course syllabus
  7. Special Information
      None noted