ACCT2031 — Intermediate Accounting II
Academic Division: Business, Industry and Technology Academic Discipline: Accounting Assistant Dean: Brooke Miller, M.B.A. 3 Credit(s) An analysis of current accounting treatments of financial statement items. Emphasis is given to an evaluation of the theory underlying modern accounting practices, as well as to the comprehensive study of the accounting techniques involved. Undergraduate 3 Lecture Hour(s); Required Graded homework and exam – First half of term Calculate the ending inventory using the gross profit and retail methods. Graded homework and exam – First half of term Analyze the major characteristics of fixed assets, including the costs included in the initial valuation, and treatment of costs subsequent to acquisition. Graded homework and exam – First half of term Analyze the accounting treatment for the disposal of property, plant, and equipment. Graded homework and exam – Middle of term Evaluate the factors involved in the depreciation process. Graded homework – Middle of term Exam – Second half of term Evaluate the accounting procedure for depletion of natural resources. Exam – Second half of term Evaluate the characteristics of intangible assets, including the procedure for valuing and amortizing. Exam – Second half of term Analyze current liabilities, including how they are valued. Exam – Second half of term Analyze the accounting procedures for long-term debt, including the valuation for bonds at date of issuance. Exam – Second half of term Evaluate the metho
Prerequisites: ACCT2030