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Nov 03, 2025
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2021-2022 Yavapai College Catalog [PREVIOUS CATALOG YEAR]
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ACC 234 - Intermediate Accounting II
Description: Integration of advanced accounting theory and practice, including investments, long and short-term liabilities, pension plans, stockholders' equity, and advanced analysis of financial statements.
Prerequisites: ACC 233
Credits: 3
Lecture: 3
Lab: 0
Course Content:
- Current liabilities and contingencies
- Bonds and long-term notes
- Leases
- Accounting for Income Taxes
- Pensions
- Shareholders' equity
- Share-based compensation
- Earnings Per Share
- Accounting changes and error correction
- Statement of Cash Flows
Learning Outcomes:
- Discuss and valuate different types of liabilities (1, 2)
- Differentiate between current and long-term obligations. (1, 2)
- Calculate and record interest, bond discounts and premiums. (2)
- Classify different types of leases (3)
- Describe and demonstrate how lessees and lessors account for different lease types. (3)
- Classify temporary and permanent differences by reconciling pretax financial income tax and taxable income. (4)
- 4. Identify and discuss types of pension plans and how they are reported. (5)
- Assess, record, and report owner's equity and stockholder's equity transactions. (6)
- Describe comprehensive income and its components. (6, 7, 8)
- Calculate earnings per share and explain different shared-based compensation plans. (6,7,8)
- Describe how changes in accounting principles, estimates and errors are calculated and reported. (9)
- Prepare a statement of Cash Flows by classifying activities as operating, investing or financing activities. (10)
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