MASTER SYLLABUS

2020-2021

A.	Academic Division: Business, Industry and Technology

B.	Discipline: Accounting

C.	Course Number and Title: ACCT2031 Intermediate Accounting II

D.	Course Coordinator: Jennifer Adkins

Assistant Dean: Toni Johnson, PhD

Instructor Information:

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Office Location:	Click here to enter text.

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Phone Number:	Click here to enter text.

E-Mail Address	Click here to enter text.

E.	Credit Hours: 3

F.	Prerequisites: ACCT2030

G.	Syllabus Effective Date: Fall, 2020

H.	Textbook(s) Title:

Intermediate Accounting

Authors: Warfield, Terry D.; Weygandt, Jerry J.; and Kieso, Donald E.

Copyright Year: 2016

Edition: 16th

ISBN: 9781118742976

Workbook(s) and/or Lab Manual: None

J.	Course Description: An analysis of current accounting treatments of financial statement items. Emphasis is given to an evaluation of the theory underlying modern accounting practices, as well as to the comprehensive study of the accounting techniques involved.

K.	College-Wide Learning Outcomes

College-Wide Learning Outcomes	Assessments- How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

L.	Course Outcomes and Assessment Methods:

Upon successful completion of this course, the student shall:

Outcomes	Assessments – How it is met & When it is met
Analyze the cost flow assumptions used in accounting for inventories and apply the lower of cost or market rule.	Graded homework – week 5 and exam – Weeks –3-4
Calculate the ending inventory using the gross profit and retail methods.	Graded homework- week 5 and exam – Weeks –3-4
Analyze the major characteristics of fixed assets, including the costs included in the initial valuation, and treatment of costs subsequent to acquisition.	Graded homework – week 8 and exam – Weeks 7-8
Analyze the accounting treatment for the disposal of property, plant, and equipment.	Graded homework – week 8 and exam – Weeks 7-8
Evaluate the factors involved in the depreciation process.	Graded homework – week 8 and exam – weeks 7-8
Evaluate the accounting procedure for depletion of natural resources.	Exam – Weeks 7-8
Evaluate the characteristics of intangible assets, including the procedure for valuing and amortizing.	Exam – Weeks –7-8
Analyze current liabilities, including how they are valued.	Exam – Weeks –11-12
Analyze the accounting procedures for long-term debt, including the valuation for bonds at date of issuance.	– Exam – weeks 11-12
Evaluate the methods of bond discount and premium amortization.	Exam – Weeks –11-12
Analyze the characteristics of the corporate form of organization, including the key components of stockholders’ equity.	Graded homework and exam – Weeks –13-14
Analyze the accounting procedures for issuing shares of stock and treasury stock.	Graded homework and exam – Weeks –13-14
Analyze the various forms of dividend distributions; small and large stock dividends; and stock dividends and stock splits.	Graded homework and exam – Weeks –13-14
Analyze the categories for investments in debt and equity securities and the accounting and reporting treatment for each category.	Exam – Weeks 15 - 16

M.	Topical Timeline (Subject to Change):

Accounting for Inventories – weeks 1-4

Accounting for Property, Plant, and Equipment – weeks 5-8

Accounting for Intangible Assets and Natural Resources – weeks 5-8

Accounting for Liabilities- weeks 9-12

Stockholders’ Equity – weeks 13-14

Investments- weeks 15-16

Financial Statement Presentations and Analysis – weeks 15-16

N.	Course Assignments:

Practice of course topics in class

Daily homework preparation for class

Exam

O.	Recommended Grading Scale:

NUMERIC	GRADE	POINTS	DEFINITION
93–100	A	4.00	Superior
90–92	A-	3.67	Superior
87–89	B+	3.33	Above Average
83–86	B	3.00	Above Average
80–82	B-	2.67	Above Average
77–79	C+	2.33	Average
73–76	C	2.00	Average
70-72	C-	1.67	Below Average
67–69	D+	1.33	Below Average
63-66	D	1.00	Below Average
60-62	D-	0.67	Poor
00--59	F	0.00	Failure

P.	Grading and Testing Guidelines:

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Q.	Examination Policy:

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R.	Class Attendance and Homework Make-Up Policy:

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S.	Classroom Expectations:

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T.	College Procedures/Policies:

Important information regarding College Procedures and Policies can be found on the syllabus supplement located at

http://catalog.ncstatecollege.edu/mime/download.pdf?catoid=5&ftype=2&foid=3