Online · School of Business · Accounting, Economics, and Finance Intermediate Financial Accounting II ACCT-302 CG Section 8WK 11/08/2019 to 04/16/2020 Modified 12/12/2022

Course Description This is an intensive course in intermediate financial accounting theory and practice concepts like accounting for investments, liabilities, retirement plans, income taxes, and shareholders' equity. The course balances the study of accounting theory and applied learning exercises, such as the use of data analysis tools in the application of accounting practices and procedures.

Requisites For information regarding prerequisites for this course, please refer to the Academic Course Catalog (https://catalog.liberty.edu/ ).

Rationale The accounting student who seeks professional success in his or her career needs to understand both theory and practice in order to meet the challenges that await in the future. Knowing alternatives to current practice can enhance the student’s understanding of accounting practices that may evolve in the future.

Course Learning Outcomes Upon successful completion of this course, the student will be able to:

• Apply accounting theory in evaluating complex financial instruments.
• Analyze debt and equity sources of financing using the conceptual framework and GAAP.
• Evaluate other complex reporting issues in accounting such as pensions, leases, deferred taxes, and post-retirement benefits using the conceptual framework and GAAP.
• Compare and contrast GAAP and IFRS with respect to GAAP issues related to this course.
• Integrate biblical principles within the field of accounting.

Course Resources Click on the following link to view the required resource(s) for the term in which you are registered: Liberty University Online Bookstore . Additional Materials for Learning:

• Computer with basic audio/video output equipment
• Internet access (broadband recommended)
• Canvas recommended browsers (https://community.canvaslms.com/t5/Canvas-Basics-Guide/What-are-the-browser-and-computer-requirements-for-Canvas/ta-p/66 )
• Microsoft Word
• APA Handbook is located at this link: http://ezproxy.liberty.edu/login?url=http://APAStyleCENTRAL.apa.org

Course Assignments

• Textbook readings, lecture presentations, and notes
• Course Requirements Checklist
• Discussions (4)
• Homework Assignments (10)
• Research Paper: Draft Assignment
• Research Paper Assignment
• Quizzes (4)

Course Grading

• Course Requirements Checklist: 10
• Read & Interact (10 at 5 pts each): 50
• Discussions (4 at 50 pts each): 200
• Assignments (10 at 25 pts each): 250
• Research Paper Assignment: 100
• Quizzes (4 at 100 pts each): 400
• Total: 1010

Policies

• Late Assignment Policy: Assignments that are submitted late without prior approval from the instructor will receive deductions depending on the delay.
• Disability Assistance: Students can contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) for necessary accommodations.
• Course Attendance: Attendance is measured by participation in required activities.

Schedule

• ACCT-302 Module 1: Week 1: Investments and Leases
• ACCT-302 Module 2: Week 2: Pensions and Other Post Retirement Benefits
• ACCT-302 Module 3: Week 3: Current Liabilities and Contingent Liabilities
• ACCT-302 Module 4: Week 4: Bonds and Long Term Notes
• ACCT-302 Module 5: Week 5: Taxes and Owners' Equity
• ACCT-302 Module 6: Week 6: Shareholder’s Equity
• ACCT-302 Module 7: Week 7: Accounting Changes
• ACCT-302 Module 8: Week 8: The Statement of Cash Flows Revised

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