Intermediate Accounting II – ACCT 302

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 10/23/2020

Course Description

This is an intensive course in accounting theory and practice dealing with liabilities, stockholders equity, and financial reporting issues. The course attempts to strike a balance between procedural explanations of currently applied accounting practices and the theoretical framework upon which those practices are based.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.


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.

Measurable Learning Outcomes

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

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

Course Assignment

Textbook readings, lecture presentation, and notes

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Froums (4)

For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. For each forum, the student will create 1 thread of at least 500 words. The student must support his or her assertions with at least 2 citations other than the textbook; the Bible may be 1 of those sources. In addition to the thread, the student will reply to the thread of at least 1 classmate. Each reply must be at least 250 words. Citations for the replies are required. Everything must be in current APA format.

Connect Homework (8)

The student will be assigned homework to complete in Connect. At the end of the assigned modules/weeks, Connect will automatically grade all of the assignments, and the instructor will then download the results and place the scores within Blackboard. Time spent on each homework assignment will vary by the module/week as well as by the level of comprehension and mastery of the subject matter.

Research Paper

The student will write an 8–10-page research paper on a topic that is relative to managerial accounting theories. The paper must be in current APA format and utilize at least 5 scholarly resources.

Connect Quizzes (4)

The student will complete quizzes within Connect. Each quiz will be open-book/open-notes, consist of 30 questions, and have a time limit of 2 hours. The student will be allowed 1 attempt at each quiz.