ACCG32005D
Intermediate Accounting 2
Sheridan
 
  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 2021
Prerequisites: ACCG32004D
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: 45 credits including ACCG32004D

Program(s): Bach Bus Admin Market Manage, Bach Business Admin Accounting, Bach Business Admin Finance, Bach Human Resources, BachBus Admin Spply Chain Mgmt
Program Coordinator(s): Lorraine Alyea, Sathy Sritharakumar, Carol Bureau, Maryam Hafezi, Mark Weaver
Course Leader or Contact: Lorraine Alyea
Version: 20210118_00
Status: Approved (APPR)

Section I Notes: This course will be delivered in a face-to-face or hybrid format.

 
 
Section II: Course Details

Detailed Description
Students examine the financial accounting theory which forms the basis for current financial accounting standards and its application to specific financial statement components using generally accepted accounting principles with a focus on the liability and shareholders' equity components of the balance sheet. Topics include current and long-term liabilities, leases, pensions and post-employment benefits, corporate income taxes, shareholders' equity, complex debt and equity instruments, earnings per share, accounting changes, cash flow statement, financial statement analysis,as well as any related income statement effects. A combination of interactive lectures, classroom problem solving and case study assignments will be employed to facilitate student learning.

Program Context

 
Bach Bus Admin Market Manage Program Coordinator(s): Carol Bureau
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.

Bach Business Admin Accounting Program Coordinator(s): Lorraine Alyea
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.

Bach Business Admin Finance Program Coordinator(s): Mark Weaver
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.

Bach Human Resources Program Coordinator(s): Sathy Sritharakumar
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.

BachBus Admin Spply Chain Mgmt Program Coordinator(s): Maryam Hafezi
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to prepare external financial statement components and disclosures, consistent with financial accounting theory and generally accepted accounting principles with a specific emphasis on accounting for liabilities and shareholders' equity.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Identify differences in financial reporting for public and private entities.
  2. Demonstrate how various liabilities (debt) and equities are reported in accordance with generally accepted accounting principles.
  3. Distinguish debt from equity, current liabilities from long-term liabilities and financial from non-financial liabilities.
  4. Apply present value concepts and effective interest amortization methods to various long-term liabilities.
  5. Explain the accounting treatment for various transactions affecting shareholders equity.
  6. Describe the accounting for compensatory stock option plans.
  7. Prepare appropriate accounting entries, supporting calculations and financial statement presentations for earnings per share, corporate income taxes and defined benefit pension plans.
  8. Differentiate the accounting treatment of capital vs operating leases by a lessee and financing vs. sale-type leases by a lessor.
  9. Contrast the accounting treatment applied to changes in accounting policy and correction of prior-year accounting errors, with the treatment of changes in accounting estimates.
  10. Identify the appropriate accounting treatment of other disclosure issues related to segmented information, interim financial reporting, related-party transactions and subsequent events.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION
 Quizzes (10 x 1%)10.0%
 Assignments (10 x 2%)20.0%
 Midterm Exam30.0%
 Final Exam (Cumulative)40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
In addition to achieving a minimum 50% overall grade, a student must have a combined average of at least 50% on the non-group components of the evaluation plan in order to receive credit for this course.



Evaluation Plan: IN-CLASS
 Quizzes (10 x 1%)10.0%
 Assignments (10 x 2%)20.0%
 Midterm Exam30.0%
 Final Exam (Cumulative)40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
In addition to achieving a minimum 50% overall grade, a student must have a combined average of at least 50% on the non-group components of the evaluation plan in order to receive credit for this course.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

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

  • Not Eligible for PLAR

 
 
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.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Bachelor of Business Administration
In-class & Online Instruction Multiple Professors Bachelor of Business Administration

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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