Advanced Accounting 2
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  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2003
Prerequisites: (ACCG3010)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Multiple Coordinators
Course Leader or Contact: Multiple Course Leaders
Status: Approved - Under Rev (AREV)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Apply a solid conceptual foundation to support and explain accounting procedures. Where do pensions, leases, income taxes, earnings per share,accounting changes and error correction fit in? Please note: ACCG3010 and ACCG3011 together qualify for exemption toward the CGA course of study.

Program Context

Business Admin - Accounting Program Coordinator: Multiple
This course is a core component of the third year of the Accounting Program. Program Coordinators: Donna P. Grace (Davis), Alison Feierabend (Trafalgar)

Course Learning Outcomes
Learning outcomes identify the critical performances, and the knowledge, skills and attitudes that successful students will have reliably demonstrated through the learning experiences and evaluation in the course. Successful students will have demonstrated the following:

Successful students will have demonstrated 
knowledge of the conceptual accounting issues related to recording and 

- private pension plan
- long term leases
- corporate income taxes
- earnings per share
- accounting charges and accounting errors
Successful students will have demonstrated further 
development in their abilities to:

-determine and account for the components of 
 pension costs including current service costs, 
 interest on the pension obligation, estimated 
 return on plan assets, past service cost 
 amortization, experience gain/loss amortization, 
 transitional amount amortization.
-apply conceptual considerations to account for 
 leases as operating or capital from the  
 standpoint of both lessee and lessor.
-account for corporate income taxes employing 
 comprehensive interperiod tax allocation and the 
 liability method.
-account for tax loss carryovers.
-calculate and account for earnings per share.
-identify and account for changes in accounting 
-estimate changes in accounting principle and 
 accounting errors.
-restate historical cost financial information to 
 the historical cost/constant dollar and current 
 cost models.

Successful students will have demonstrated 
attitudes of commitment and acceptance of 
responsibility by:

-advance preparation, regular attendance and 
 participation in class.
-diligent completion of assignments and 
 independent study.
-meeting test and assignment due dates.

Evaluation Plan
Students demonstrate their learning in the following ways:

Students demonstrate their learning in the following ways:

Class Attendance:

All students will be challenged by the nature and volume of material 
covered in this course.  Full participation and attendance is 
expected.  Students who miss a class are responsible for any 
information discussed, assigned or distributed in that class period.

Tests and Exams      90%
Assignment           10%

*The instructor will provide details on the specifics of evaluation.
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Generic Skills
Generic Skills emphasized in the course:

X communication - written X communication - oral   communication - visual
  analytical X creative thinking X decision making
  interpersonal X numeracy   organizational
X problem solving   technological   other (see below)

Notes: N/A

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

  asthetic appreciation   social understanding
  civic life   understanding science
  cultural understanding   understanding technology
  personal development   work and the economy

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar

Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam Portfolio Interview Other Not Eligible for PLAR

Notes:  N/A

Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Winter 2003
Professor: Multiple Professors
Basic Text:

Intermediate Accounting, Volume 2, Second Edition, Beechy, Thomas H. & 
Conrod, Joan, McGraw-Hill Ryerson. (ISBN007089020X)

Applicable student group(s): Business Administration - Accounting
Course Details:
Some details of this outline may change as a 
result of circumstances such as weather 
cancellations, College and student activities, and 
class timetabling.


  1       Chapter 18 - Accounting for leases by lessees

  2       Chapter 19 - Accounting for leases by lessors

  3       Chapter 20 - Pensions

  4       Chapter 20 - Pensions

  5       Chapter 16 - Accounting for corporate income taxes payable
  6       Chapter 16 - Accounting for corporate income taxes payable

  7       MID-TERM EXAM

  8       Chapter 17 - Accounting for tax losses

  9       Chapter 17 - Accounting for tax losses

 10       Chapter 21 - Earnings per share

 11       Chapter 21 - Earnings per share

 12       Chapter 22 - Accounting changes & errors

 13       Chapter 22 - Accounting for changes & errors

 14       FINAL EXAM

Additional Information:

1. Missed exams:Please see your instructor
2. Texts and calculators are to be brought to 
   every class.

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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