Degrees

ACC 210 Intermediate Accounting II Course Objectives:

1. The student will demonstrate through examinations and quizzes, a working knowledge of:
   • The valuation of plant assets
   • The acquisition of plant assets
   • The retirement of plant assets
2. The student will demonstrate an understanding of plant asset utilization and depreciation by calculating depreciation using several different alternative methods.
3. The student will demonstrate an understanding of current liabilities management with specific applications involving accounts payable and payroll.
4. The student will demonstrate an understanding of long-term liabilities by recording journal entries to record:
   • The issuance of Bonds
   • The payment of bond interest
   • The retirement of Bonds
5. The student will demonstrate an understanding of the corporate form of business organization and will demonstrate that understanding by recording entries to record:
   • The formation of the corporation
   • The issuance of common and preferred stock
   • The payment of cash dividends
   • The payment of stock dividends
   • The liquidation of the corporation
   • The purchase of treasury stock
6. The student will prepare a statement of shareholders’ equity. 
7. The student will demonstrate an understanding of management, valuation and reporting of long-term investments.
8. The student will develop and demonstrate knowledge of leases, the buy versus lease decision and the advantages and disadvantages of leasing.