ACCT 2031 - Intermediate Accounting II

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting (01201)

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)
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. Undergraduate

3 Lecture Hour(s);

Required Prerequisite Course(s): Take ACCT 2030

Required Concurrent Course(s): None

Required as Prerequisite or Concurrent Course(s): None

College Wide 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

Student Learning Outcomes for Course

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 and exam – First half of term
Calculate the ending inventory using the gross profit and retail methods.	Graded homework and exam – First half of term
Analyze the major characteristics of fixed assets, including the costs included in the initial valuation, and treatment of costs subsequent to acquisition.	Graded homework and exam – First half of term
Analyze the accounting treatment for the disposal of property, plant, and equipment.	Graded homework and exam – Middle of term
Evaluate the factors involved in the depreciation process.	Graded homework – Middle of term Exam – Second half of term
Evaluate the accounting procedure for depletion of natural resources.	Exam – Second half of term
Evaluate the characteristics of intangible assets, including the procedure for valuing and amortizing.	Exam – Second half of term
Analyze current liabilities, including how they are valued.	Exam – Second half of term
Analyze the accounting procedures for long-term debt, including the valuation for bonds at date of issuance.	Exam – Second half of term
Evaluate the methods of bond discount and premium amortization.	Exam – Second half of term
Analyze the characteristics of the corporate form of organization, including the key components of stockholders’ equity.	Graded homework and exam – Second half of term
Analyze the accounting procedures for issuing shares of stock and treasury stock.	Graded homework and exam – Second half of term
Analyze the various forms of dividend distributions; small and large stock dividends; and stock dividends and stock splits.	Graded homework and exam – Second half of term
Analyze the categories for investments in debt and equity securities and the accounting and reporting treatment for each category.	Exam – Second half of term

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link