STATE UNIVERSITY OF NEW YORK

COLLEGE OF TECHNOLOGY
CANTON, NEW YORK

MASTER SYLLABUS

ACCT 302 – INTERMEDIATE ACCOUNTING II

For available course numbers, contact the Registrar’s Office at registrar@[Link]

CIP Code: 52.0305

For assistance determining CIP Code, please refer to this webpage
[Link]
or reach out to Sarah Todd at todds@[Link]

Created by: Christa Haifley-Kelson

Updated by: Nicholas C Kocher (clerical update)

SCHOOL OF BUSINESS & LIBERAL ARTS

BUSINESS DEPARTMENT
FALL 2024
A. TITLE: Intermediate Accounting II

B. COURSE NUMBER: ACCT 302

C. CREDIT HOURS (Hours of Lecture, Laboratory, Recitation, Tutorial, Activity):

# Credit Hours per Week 3

# Lecture Hours per Week 3
# Lab Hours per Week
Other per Week

D. WRITING INTENSIVE COURSE:

Yes
No x

E. GER CATEGORY:

Does course satisfy a GER category(ies)? If so, please select all that apply.

[1-2] Communication
[3] Diversity: Equity, Inclusion & Social
Justice
[4] Mathematics & Quantitative Reasoning
[5] Natural Science & Scientific Reasoning
[6] Humanities
[7] Social Sciences
[8] Arts
[9] US History & Civic Engagement
[10] World History & Global Awareness
[11] World Languages

F. SEMESTER(S) OFFERED:

Fall
Spring x
Fall and Spring I I
G. COURSE DESCRIPTION: Financial accounting concepts and standards provided by
Intermediate I are expounded upon and further developed in this course. This course provides
an engaging and comprehensive learning experience that helps develop advanced
understanding, critical thinking, and analytical skills via accounting’s integral importance to an
organization’s decision-making capabilities and are presented as an essential element in
business decision-making. Focus is placed on financing and investing activities such as: the
behavior and classification of capital, acquisition management, general ledger requirements for
the handling of non-current operating assets, handling of debt and equity securities, and
accounting for common disclosures.
H. PRE-REQUISITES: ACCT 300
CO-REQUISITES: None

I. STUDENT LEARNING OUTCOMES:

Course Student Learning Outcome [SLO] Program Student

Learning Outcome GER ISLO & Subsets
[PSLO]
a. Explain the right associated with Effectively 1-W
ownership of common and preferred stock. communicate
orally and in
writing, using
appropriate
accounting
terminology.
b. Relate the various classifications Properly use 5
associated with investment securities. accounting
principles and
practices in
accordance with
GAAP.
c. Relate the concept of deferred taxes and Properly use 3 – IM & QTR
compare and contrast the differences accounting 5
between permanent and temporary principles and
differences. practices in
accordance with
GAAP.
d. Explain the differences between interim Develop and 5
reports and outline the difficulties analyze financial
encountered when preparing those reports. statements.
e. Detect the various types of errors that can Properly use 5
occur in an accounting process and prepare accounting
correcting entries when necessary. principles and
practices in
accordance with
GAAP.
Demonstrate a
clear
understanding of
ethical and
professional
behavior.

KEY Institutional Student Learning Outcomes

[ISLO 1 – 5]
ISLO # ISLO & Subsets
1 Communication Skills
Oral [O], Written [W]
2 Critical Thinking
 Critical Analysis [CA], Inquiry & Analysis [IA] , Problem Solving [PS]
3 Foundational Skills
Information Management [IM], Quantitative Lit, /Reasoning [QTR]
4 Social Responsibility
Ethical Reasoning [ER], Global Learning [GL],
Intercultural Knowledge [IK], Teamwork [T]
5 Industry, Professional, Discipline Specific Knowledge and Skills

J. APPLIED LEARNING COMPONENT:

rn Yes
No x

If yes, select [X] one or more of the following categories:

Classroom / Lab Community Service

Internship Civic Engagement
Clinical Practicum Creative Works/Senior Project
Practicum Research
Service Learning Entrepreneurship [program, class,
project]

K. TEXTS: Intermediate Accounting (2018), Gordon, E., Raedy, J., Sannella, A. Pearson
Publishing

L. REFERENCES: None

M. EQUIPMENT: Technology Enhanced Classroom

N. GRADING METHOD: A – F

O. SUGGESTED MEASUREMENT CRITERIA/METHODS:

• Exams
• Quizzes
• Papers
• Assignments
• Participation

P. DETAILED COURSE OUTLINE:

I. Financing Activities
A. Nature and Classifications of Paid-In Capital
B. Issuance of Capital Stock
C. Stock Repurchases
D. Accounting for Dividends
E. Other Equity Items
F. Disclosures Related to the Equity Section

II. Investing Activities

 A. Investments in Noncurrent Operating Assets-Acquisition
1. Costs included in Acquisition Costs
2. Acquisitions other than simple cash transactions
3. Differentiate between Capitalize or Expense
4. Accounting for the Acquisition of Intangible Assets
5. Valuations of Assets at Current Values
6. Measuring Property, Plant and Equipment Efficiency

B. Investments in Noncurrent Operating Assets-Utilization and Retirement

1. Depreciation
a. Straight-line
b. Declining balance
2. Depletion of Natural Resources
3. Changes in Estimates of Cost Allocation Variables
4. Impairment
5. Asset Retirements
6. Depreciation for Partial Periods
7. Income Tax Depreciation

C. Investments in Debt and Equity Securities

1. Company Investment in Other Companies
a. Ownership of preferred stock
b. Ownership of common stock
2. Classification of Investment Securities
3. Sale of Securities

III. Additional Activities and Common Disclosures of a Business

A. Leases
1. Accounting for Leases-Lessee
2. Accounting for Leases-Lessor
3. Disclosure Requirements for Leases

B. Income Taxes
1. Carryback and Carryforward of Operating Losses
a. Temporary
b. Permanent
2. Financial Statement Presentation and Disclosure

C. Employee Compensation-Payroll, Pensions, and other Compensation Issues

D. Derivatives, Contingencies, Business Segments, and Interim Reports

IV. Other Dimensions of Financial Reporting

A. Earnings per Share
B. Simple and complex business structures.
C. Accounting Changes and Error Corrections
D. Interim reports

Q. LABORATORY OUTLINE: None