Print Version

Effective: Summer 2013

Prerequisites: Prerequisite: ACTG 1B.
Grade Type: Letter Grade, the student may select Pass/No Pass
Not Repeatable.
FHGE: Non-GE Transferable: CSU
4 hours lecture. (48 hours total per quarter)

Student Learning Outcomes -
  • Explain intermediate financial accounting terminology, concepts, principles, and frameworks.
  • Perform related calculations and demonstrate the ability to use methods and /or procedures to solve intermediate financial accounting problems
Description -
Accounting for Property, Plant & Equipment, intangible assets, current liabilities, long-term liabilities, and equity.

Course Objectives -
The student will be able to:
  1. research the relevant financial accounting standard (s) as they relate to questions, problems, or other accounting issues.
  2. apply financial accounting standards in solving problems and cases.
  3. present financial statements, including appropriate disclosures, as required by the related financial accounting standards.
  4. account for PP&E, intangible assets, current liabilities, long-term liabilities, and equity.
  5. describe the direct and indirect effect (s) of transactions on the Financial Statements and their elements.
Special Facilities and/or Equipment -
Access to spreadsheet, word-processing, and presentation software. When taught as an online distance learning section, students and faculty need reliable and ongoing Internet (java-enabled) access and working Email.

Course Content (Body of knowledge) -
  1. Accounting for Property, Plant, & Equipment
    1. Recognition, Valuation
    2. Costs Subsequent to Acquisition
    3. Disposition
    4. Depreciation
    5. Impairments
  2. Accounting for Intangible Assets
    1. Recognition, Valuation
    2. Impairments
    3. Research & Development
  3. Accounting for Current liabilities and contingencies.
    1. Definition, Types
    2. Contingent Liabilities
  4. Accounting for Long-term liabilities
    1. Bonds
      1. Valuation
      2. Effective Interest Method of Amortization of Bond Premium or Discount
    2. Long-Term Notes
      1. Definition, Types
    3. Mortgage Notes Payable
      1. Off-Balance Sheet Financing
    4. Troubled Debt
  5. Accounting for Stockholder's equity
    1. Corporate Form of Business, definition, formation
    2. Types of Stock
    3. Dividends
  6. Accounting for Dilutive Securities and Earnings Per Share
    1. Convertible Debt
    2. Convertible Preferred Stock
    3. Stock Warrants
    4. Stock Compensation Plans
    5. Earnings Per Share (Simple and Complex Capital Structure)
Methods of Evaluation -
  1. Midterm Exam(s)
  2. Final Exam
  3. Quizzes
  4. Projects [Actg 51c only]
  5. Computerized Assignments
  6. Research Activities (online and traditional)
  7. Presentations [Actg 51c only; since online, powerpoint slide preparation only]
  8. Writing Assignments
  9. Student Participation
  10. Group Work
Representative Text(s) -
Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Intermediate Accounting, 13th Edition, Wiley Publisher, 2009.

Disciplines -
Method of Instruction -
Lecture, Discussion, Cooperative learning exercises, Self-paced, Electronic discussions/chat, Independent study.
Lab Content -
Not applicable.
Types and/or Examples of Required Reading, Writing and Outside of Class Assignments -
  1. Reading of corporate annual reports
  2. Reading and Written Analysis of Financial Accounting Standards Board Statements (FASB) and other Generally Accepted Accounting Principles Literature (GAAP)
  3. Reading of internet articles and writing on accounting topics or accounting-related current events and/or careers.