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COURSE SYLLABUS

1.

TITLE OF COURSE:

INTERMEDIATE ACCOUNTING II

 

PREFIX/NUMBER:

ACC 212

CREDIT HOURS:

4

2.

PREREQUISITE:

ACC 211

3.

RESOURCES NEEDED:

          TEXT:

Intermediate Accounting, Spiceland, 3rd edition Intermediate Acct working papers, Kieso

          SUPPLIES:

Working Papers II, paper, pencils, and calculator

4.

COURSE DESCRIPTION:

This course is a continuation of ACC 211. Advanced accounting principles and interpretation of reports will be studied. In-depth examination of reporting for management purposes will be emphasized.

5.

COURSE GOAL:

To demonstrate both the ability to do accounting and to understand and critically evaluate accounting within a framework of ethics.

6. COURSE OBJECTIVES:  
After reading the assignments, attending the lectures and labs, and completing the questions, cases, exercises and problems, the students should be able to:
(A) Calculate the appropriate valuation and report on investments and income from securities in accordance with GAAP.
(B) Recognize, calculate, and report on current liabilities and contingencies in accordance with GAAP.
(C) Calculate and report the valuation of bonds and long-term notes and revenue/expense from bonds and notes in accordance with GAAP.
(D) Account for troubled debt restructuring in accordance with GAAP.
(E) Identify, classify, and account for leases in accordance with GAAP.
(F) Classify and account for pensions in accordance with GAAP.
(G) Calculate and account for income taxes in accordance with GAAP.
(H) Classify, calculate, and report on the contributed capital for corporations in accordance with GAAP.
(I) Account for and report on retained earnings and dividends in accordance with GAAP.
(J) Analyze, classify, calculate, and report on the effects of accounting changes and accounting errors in accordance with GAAP.
(K) Prepare statements of cash flows and disclosures related thereto in accordance with GAAP.
(L) Calculate and report on earnings per share in accordance with GAAP.
(M) Identify and use sources of financial information regarding businesses.
Identify and apply financial analysis techniques to information available from financial accounting sources.
7. EVALUATION PROCEDURES:
Attendance and Participation 10%
Homework and Quizzes

Project and Presentation

10%

10%

Tests 70%
Grading Scale
Raw Score Range
Letter Grade
90 to 100 A
80 to 89 B
70 to 79 C
60 to 69 D
0 to 59 F

Special Remarks:

1.

Attendance:  College policy states that students may be dropped from enrollment when absent 20% of the scheduled class meetings.  If enrolled from the beginning of the term, 15 hours will usually constitute 20% of a four-credit semester course which meets five hours per week.  Reinstatement procedures are described in the PCC catalog.

2.

Tardy Policy:  A student who is late three times (enters classroom after the instructor has taken roll) will be charged with one full absence unless the student can provide valid reasons for one or more of these tardies.

3.

Assignments/Missed Exams:  It is the student's responsibility, whether present or absent, to obtain all material presented and to complete all course assignments.  If prior arrangements are made or extenuating circumstances exist, makeup of tests may be allowed.  Late homework papers will not be accepted unless those same extenuating circumstances exist.  Makeup of quizzes is to be at the instructor's discretion.

8. COURSE OUTLINE
Tentative Schedule
I. Chp. 12 Investments 4 hours
II. Chp. 13 Current Liabilities and Contingencies 5 hours
  Test on Chapters 12 and 13 1 hour
III. Chp. 14 Bonds and Long-Term Notes 5 hours
IV. Chp. 15 Leases 5 hours
  Test on Chapters 14 and 15 1 hour
V. Chp. 16 Accounting for Income Taxes 6 hours
VI. Chp. 17 Pensions 6 hours
  Test on Chapters 16 and 17 1 hour
VII. Chp. 18 Employee Benefit Plans 6 hours
VIII Chp. 19 Shareholder's Equity 6 hours
Test on Chapters 18 and 19 1 hour
IX. Chp. 20 Earnings per Share 6 hours
X. Chp. 21 Accounting Changes and Error Corrections 6 hours
Test on Chapters 20 and 21 1 hour

Total

60 hours
9. LECTURE NOTES:
10. METHODS OF INSTRUCTION:
To be successful in this course, students are expected to participate in discussions, readings, in-class writing, and peer review activities. The instructor may assign point values to such activities.
11. ACADEMIC INTEGRITY:
The very nature of higher education requires that students adhere to accepted standards of academic integrity. Therefore, Pueblo Community College has adopted a policy of academic conduct as described in the Student Handbook. Violation of academic integrity may be defined to include the following: cheating, plagiarism, falsification and fabrication, abuse of academic materials, complicity in academic dishonesty, and personal misrepresentation. It is the student’s responsibility to be aware of the behaviors that constitute academic dishonesty. Sanctions for violating the standards of academic integrity may include warning, probation, suspension, and/or failure of the course or assignment at the discretion of the instructor.
12. ADA NOTICE:
  Students who have a documented disability may be eligible to receive accommodations for this class. Please contact the Disability Resources Center at
549-3446 for further information.