Righting Wrong

Syllabus ACC/422 Version 6


School of Business ACC/422 Version 6 Intermediate Financial Accounting II
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Course Description This course is the second of the three part series of courses related to intermediate accounting. This section examines the balance sheet in more detail, including intangible assets, current liabilities and contingencies, long-term liabilities, as well as cash and cash equivalents. Interwoven in the presentation of the material is an assortment of ethical dilemmas that encourage discussions about how the accountant should handle specific situations. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents:   University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.

University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2010). Intermediate accounting (13th ed.). Hoboken, NJ: John Wiley & Sons. All electronic materials are available on the student website.

Week One: Key Current Assets (Cash, Receivables, and Inventory)
Objectives 1.1 1.2 1.3 1.4 Identify the components of cash and cash equivalents. Calculate the value of net realizable receivables. Compare and contrast inventory cost flow assumptions. Calculate the value of inventories using different cost flow assumptions.



Reading Reading Reading

Read Ch. 7 of Intermediate Accounting. Read Ch. 8 of Intermediate Accounting. Review this week’s Electronic Reserve...