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midterm-Intacc-2-coverage

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11 views2 pages

midterm-Intacc-2-coverage

Uploaded by

Hannah Zoe Mongaya
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© © All Rights Reserved
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Subject: Intermediate Accounting 2

Date: First sem AY 2023 - 2024


Total No. of Items: 50
Total No. of Hours: 30

Topic Objectives No. of %


Items
Chapter 6. Effective 1. Appreciate the effect of interest in the value of 7 13%
Interest Method money.
2. Differentiate the types of interest: effective and
nominal
3. Evaluate the effect of interest in computing bond
amortization.
4. Compute effective interest using trial and error.

Chapter 7. Compound 1. Describe the nature of financial instruments 5 10%


Financial Instrument including financial liability, equity instruments and
compound financial instruments.
2. Identify the different classes of bonds
3. Compute the amount of bonds upon issuance
and or during conversion to equity and the
corresponding interest.
4. Prepare entries for bond issuance, payment of
interest and amortization of bond discount or
premium
Chapter 8. Note Payable 1. Describe promissory note (nature and types). 5 10%
2. Determine the initial amount of interest-bearing
notes to be recorded in the books: issued for cash
and or issued for property.
3. Prepare amortization table
4. Determine the amount to be used in recording
noninterest-bearing notes issued to acquire
properties.
5. Examine subsequent measurement to be used
to determine the fair amount to be presented in
the financial statement.
Chapter 9. Debt 1. Describe the nature, types and purpose of debt 6 13%
Restructure restructuring.
2. Compare accounting methods use for asset
swap, dacion en pago and equity swap.
3. Compute the effect of each method in the
financial statements of the debtor.
4. Evaluate the equity instruments issued to
extinguish a financial liability
5. Assess the effect of modification of terms in the
business with financial problems

Chapter 10. Lessee 1. Describe the nature, economic substance, and 7 13%
Accounting advantages of lease transactions.
2. Analyze the criteria used to account for finance
lease or operating lease.
3. Recognize a right of use of asset and
measurement of a right use of asset.
4. Contrast the operating and capitalization
methods of recording leases
5. Measurement and recording of lease liability
Chapter 11. Lessee 1. Remeasure lease liability in case of an extension 5 10%
Accounting (Other option and of variable payments and modification
Accounting Issues) of terms.
2. Determine the IFRS provision relating to
modification of lease terms.

Chapter 12. Operating 1. Identify operating lease and a finance lease. 5 10%
Lease – Lessor 2. Contrast lessor accounting to lessee accounting
under the new lease standard.
3. Recognize measurement criteria and entries
involve in recording operating lease
Chapter 13: Direct 1. Describe the lessor’s accounting 4 7%
Financing Lease – Lessor for direct-financing leases.
2. Distinguish a direct financing lease from sales
type lease.
3. Compute lease amortization schedule for lessor.
4. Identify special features of lease
arrangements that cause unique
accounting problems.
Chapter 14 Sales Type 1. Describe the lessor’s accounting for sale-type 3 7%
Lease – Lessor Lease transactions
2. Apply the concept of sale type lease when
preparing accounting entries.
3. Assess the effect of sale-type lease in the
financial statement of the lessor
Chapter 15. Sale and 1. Describe the lessee’s accounting for sale- 3 7%
Leaseback leaseback transactions
2. Apply sale-leaseback concept learned when
preparing accounting entries.
3. Assess the effect of sale-leaseback type of lease
in the financial statement of the lessor and lessor.
50 100%

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