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ACC 2102 Intermediate Accounting II

Transaction analysis and financial reporting for long-term assets, long-term liabilities and stockholder's equity.

Division: Business and Public Services
Department: Accounting
Repeatable Credit: No
Offered Online: Yes

Prereqs: ACC 2101  with a grade of C or better 


  • Concept of time value of money - Apply time value of money concepts to relevant accounting transactions.
  • Financial statements - Prepare an Income Statement including earnings per share, the Balance Sheet, Statement of Cash Flows and the appropriate statement of owner's equity in good form according to GAAP emphasizing the reporting of non-current assets, liabilities and stockholder's equity.
  • Identify and apply the concepts, principles and constraints that underlie financial accounting and reporting under GAAP (Generally Accepted Accounting Principles) to transactions related to non-current assets, long-term liabilities and stockholders' equity.
  • Accounting cycle - Journalize adjusting entries emphasizing end-of-year procedures for non-current assets, non-current liability and stockholder equity.
  • Non-current assets, long-term liabilities, and stockholder's equity - Journalize and appropriately report transactions in the financial statements dealing with non-current operating assets, investments, long-term debt and leases, and stockholder's equity.

Credit Hours: 3

Classroom Hours: 3