Course Descriptions & Syllabi

Course Descriptions & Syllabi

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Note: some or all of the courses in the subjects marked as "Transfer" can be used towards a transfer degree: Associate of Science and Arts or Associate of Engineering Science at DACC. Transferability for specific institutions and majors varies. Consult a counselor for this information.

Areas of Study | | CACC109 syllabus




COURSE NUMBER: CACC109
COURSE TITLE:Intermediate Accounting II
DIVISION:Business
IAI CODE(S):
SEMESTER CREDIT HOURS:3
CONTACT HOURS:45
STUDENT ENGAGEMENT HOURS:135
DELIVERY MODE:In-Person, Online

COURSE DESCRIPTION:
This course is a continuation of Intermediate Accounting I. An examination of additional problems in financial reporting, long-term investments, current and contingent liabilities, special accounting problems and analysis, statement of cash flows and financial statement analysis.

PREREQUISITES:
CACC108

NOTES: Student should verify transferability of CACC108 and CACC109 with specific college or university for acceptance with their third and fourth year requirements.


STUDENT LEARNING OUTCOMES:
Upon completion of this course, students will be able to:
  • Apply and evaluate Cost Allocation of Property, plant, and equipment and intangible assets are purchased with the expectation that they will provide future benefits, usually for several years These assets are acquired to be used as part of revenue-generating operations The acquisition cost of these assets should be allocated to periods benefited by their use.
  • Apply and assess approaches used to account for investments that companies make in the debt and equity of other companies. In appendices to this chapter, you will learn about other types of investments, and also about how to deal with other-than-temporarily impairments.
  • Appraise long term and current liabilities including those arising in connection with leases, capital leases. Leases and contingencies able to validate existing obligations designated that are designated as loss contingencies.
  • Apply financial accounting and reporting for the effects of income taxes. Illustrating temporary differences, which are the basis for recognizing deferred tax assets and deferred tax liabilities, as well as permanent differences, which have no deferred tax consequences. They will learn and apply adjustment to deferred tax assets and deferred tax liabilities when tax laws or rates change. They will also be able to account for net operating loss carrybacks and carry forwards, as well as intra-period tax allocation.
  • Account for pension benefits recognizes that they represent deferred compensation for current service. Estimating the cost of these benefits recognized on an accrual basis during the years that employees earn the benefits.
  • Distinguish between the two basic sources of shareholders’ equity: (1) invested capital and (2) earned capital. Understanding the expansion of corporate capital through the issuance of shares and the contraction caused by the retirement of shares or the purchase of treasury shares.

TOPICAL OUTLINE:
  1. Stockholders' Equity: Contributed Capital
  2. Stockholders' Equity: Retained Earnings
  3. Dilutive Securities and Earnings Per Share
  4. Investments
  5. Revenue Recognition
  6. Accounting for Income Taxes
  7. Accounting for Pensions and Post-retirement Benefits
  8. Accounting for Leases
  9. Accounting Changes and Error Analysis
  10. Statement of Cash Flows
  11. Full Disclosure in Financial Reporting
  12. Intangible Assets
  13. Current Liabilities and Contingencies

TEXTBOOK / SPECIAL MATERIALS:
Intermediate Accounting 9th ed. by Spiceland/Sepel/Nelson/Thomas, McGraw-Hill.
Connect Access Code

See bookstore website for current book(s) at https://www.dacc.edu/bookstore

EVALUATION:
The following grading scale will be used for the final course grades. However, the Instructor reserves the right to vary the scale if necessary.

Assignments points are as follows:
Interactive - 5 points
Learn smart - 15 points
Problems - 10 points
Tests - 100 points

100-90% = A

  89-80% = B

  79-70% = C

  69-60% = D

  59-00% = F


BIBLIOGRAPHY:

STUDENT CONDUCT CODE:
Membership in the DACC community brings both rights and responsibility. As a student at DACC, you are expected to exhibit conduct compatible with the educational mission of the College. Academic dishonesty, including but not limited to, cheating and plagiarism, is not tolerated. A DACC student is also required to abide by the acceptable use policies of copyright and peer-to-peer file sharing. It is the student’s responsibility to become familiar with and adhere to the Student Code of Conduct as contained in the DACC Student Handbook. The Student Handbook is available in the Information Office in Vermilion Hall and online at: https://www.dacc.edu/student-handbook

DISABILITY SERVICES:
Any student who feels s/he may need an accommodation based on the impact of a disability should contact the Testing & Academic Services Center at 217-443-8708 (TTY 217-443-8701) or stop by Cannon Hall Room 103. Please speak with your instructor privately to discuss your specific accommodation needs in this course.

REVISION:
Fall 2018

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