ACC234 — Intermediate Accounting II
ACC 234 - Intermediate Accounting II ACC 234 - Intermediate Accounting II Description: Integration of advanced accounting theory and practice, including investments, long and short-term liabilities, pension plans, stockholders’ equity, and advanced analysis of financial statements. (1, 2) Calculate and record interest, bond discounts and premiums. Classify different types of leases Describe and demonstrate how lessees and lessors account for different lease types. Classify temporary and permanent differences by reconciling pretax financial income tax and taxable income. Identify and discuss types of pension plans and how they are reported. Assess, record, and report owner’s equity and stockholder’s equity transactions. Describe comprehensive income and its components. (6, 7, 8) Calculate earnings per share and explain different shared-based compensation plans. (6,7,8) Describe how changes in accounting principles, estimates and errors are calculated and reported. Prepare a statement of Cash Flows by classifying activities as operating, investing or financing activities.
Prerequisites: ACC233