MGMT 35100

Intermediate Accounting II
Dave Scott - ONLINE - Summer 2018

About Course Insights
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About the Course
Intermediate Accounting II is the second course in the financial accounting sequence, and is a direct continuation of MGMT 350, Intermediate Accounting I. Together, these courses provide the core of financial reporting knowledge that you will use throughout your academic and professional accounting careers.
 
In this course, we will review: Short-Term & Long-Term Liabilities; Stockholders’ Equity; Dilutive Securities and Earnings Per Share; Income Taxes; Pensions; Leases; Accounting Changes and Error Corrections; and the Statement of Cash Flows.
 
Although the Uniform CPA Examination is the not the focus of this course, you may expect all of the subjects covered in this course to appear on the CPA exam.
Course Goals/Learning Objectives
After successfully completing this course, you should understand the basic accounting for:
  • Short-term and long-term liabilities
  • Stockholders' equity
  • Dilutive securities and earnings per share
  • Income taxes
  • Pensions
  • Leases
  • Accounting changes and error corrections
  • The Statement of Cash Flows
Learning Resources
I will provide you with the following resources to help you be successful in the class:
 
1. A syllabus outlining the course that includes a schedule of what you need to complete each week.
 
2. My lecture notes (PPTs) and videos for each chapter, which are the key to the class.
 
3. A class discussion board – We will use Piazza as a means for you all to help each other work through any issues you may be having with the material or homework. Turnaround time for answering questions will be 48 hours (more likely 24 hours).
 
4. Additional resources within WileyPLUS.
Sample Assignment
Crane Company issued $3,000,000 of 10% 10-year bonds on January 1, 2017 at 104. Interest is payable semiannually on July 1 and January 1. Crane Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9%
 
Prepare the journal entries to record the following:
 
a) The issuance of the bonds
b) The payment of the interest and amortization on July 1, 2017
c) The accural of interest and amoritization as of December 31, 2017

MGMT 35100

Course Catalog
MGMT 35100 Intermediate Accounting II

Description
Credit Hours: 3.00. Continuation of Intermediate Accounting I. An examination of additional problems in financial reporting, including long-term assets, liabilities, owners' equity, income taxes, earnings per share, leases, and pensions. Typically offered Fall Spring.
3.000 Credit hours
Levels:  Graduate, Professional, Undergraduate
Schedule Types:  Distance Learning, Lecture
Offered By:  School of Management
Department:  School of Business Admin
Course Attributes
Upper Division
May be offered at any of the following campuses:  West Lafayette
Learning Objectives
1. Achieve depth of understanding and application of essential content in business functional areas.
Prerequisites
Undergraduate level MGMT 35000 Minimum Grade of C- or Undergraduate level BUS A3110 Minimum Grade of C-
Other Information
Restrictions:  Must be enrolled in one of the following Majors: Accounting Advanced Accountancy Economics Honors Economics Finance General Management IM/Analytical Consulting IM/Computer Science IM/Economics IM/Economics Honors IM/Engineering IM/Financial Engineering IM/Interdisciplinary IM/Mgmt Info Systems IM/Manufacturing Mgmt IM/Manufac & Svc Operations IM/Operations Management IM/Quantitative Methods IM/Science IM/Sci, Tech, Engr & Math Management Marketing IM/Oper & Supply Chain Mgmt Supply Chain Info & Analytics Strategy & Organiz Mgmt