Intermediate Accounting 2 Online Course

Please Note: Attendance and also participation are mandatory in all University courses, and specific needs might differ by course. If attendance needs are not met, a student might be rerelocated from the course. Please evaluation the Course Attendance Policy in the Catalog for more information.

University of fairtradeexpo.org reserves the best to modify courses. While widely accessible, not all courses are available in all places or in both virtual and on-campus layouts. Please inspect with an enrollment representative.

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Intermediate Financial Accounting II

Course level: Undergraduate


This course examines audit for property, plant and also tools, intangible assets, present liabilities and contingencies, permanent liabilities, added resources and preserved income.

Prerequisites


ACC/421 or ACC/421T – Intermediate Financial Accounting I or equivalent

Required materials


Publish course details

Please Note: Attendance and also participation are mandatory in all University courses, and certain demands may differ by course. If attendance demands are not met, a student might be removed from the course. Please review the Course Attendance Policy in the Catalog for even more information.

University of fairtradeexpo.org reserves the best to modify courses. While extensively accessible, not all courses are accessible in all areas or in both online and on-campus formats. Please examine through an enrollment representative.


What you"ll learn

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What you’ll learn

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Course objectives


Learning Outcomes

Week 1

Define cash and also associated items.Distinguish receivables and exactly how to report them in financial statements.Examine bookkeeping issues related to cash and receivables.Describe techniques supplied to regulate cash.

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Week 2

Explain the types of inventories.Prepare inventory values based on the assorted cost circulation presumptions.Identify inventory valuation worries in financial reporting.Compute inventory under the gross profit method and retail inventory technique.

Week 3

Determine what constitutes a property, plant, or tools asset.Calculate depreciation under assorted approaches.Exordinary the bookkeeping issues related to addressed assets and intangibles.Discuss asset disability and also the forced accountancy for impairments.

Week 4

Explain just how to identify a licapacity.Distinguish in between current and long-term in abilities and also the reporting requirements for each.Evaluate business events for classification as a contingency in the financial statements.Record journal entries needed for bonds issued and offered at a premium and discount.

Week 5

Exordinary how leases are used by companies and the advantages of this financial setup.Identify the brand-new requirements and also the meant impact in financial reporting.Distinguish in between the different classifications of leases.Record leases from both the lessor and also lesview perspective.