AC 311 - Intermediate Accounting II

• Assignments: 5 Units
• Interactivity: None
• Final Assessment: Non-Proctored Final Exam

• Explain the reporting of the current portion of long-term debt and short-term debt expected to be refinanced;
• Identify and define the criteria applied to the accounting and disclosure of gain and loss contingencies;
• Perform the accounting valuation of notes and bonds at date of issue and points before maturity;
• Identify the key components (accounts) of stockholders’ equity;
• Perform earnings per share computations in simple and complex capital structures;
• Know the three categories of debt securities and the accounting/reporting treatment for each;
• Recognize the categories of equity securities and the accounting/reporting treatment for each;
• Explain the accounting for reclassification of securities from one category to another;
• Describe and explain the various methods of revenue recognition;
• Recognize the criteria established for determining that the earnings process is complete;
• Differentiate between the employer’s accounting for the pension plan and pension plan accounting;
• Describe and explain the alternative measures of the pension obligation;
• Explore the underlying concept of capital leases;
• Know the four criteria used to identify a capital lease transaction;
• Value the statement of cash flows;
• Know the major classifications and sections of the statement of cash flows; and
• Evaluate the types of changes in accounting principles and their effect on financial reporting as well as the economic motives for such changes.