Intermediate Accounting II

FASB Accounting Standards Codification Research

Master the structure and navigation of the authoritative accounting literature through hands-on research of the FASB Accounting Standards Codification. Develop skills in identifying relevant guidance, interpreting technical pronouncements, and properly citing authoritative sources to support accounting decisions and policy evaluations.

Current and Contingent Liabilities

Master recognition and measurement principles for current liabilities, warranties, and contingent obligations. Analyze disclosure requirements and evaluate the impact of uncertain liabilities on financial position.

Long-term Debt and Complex Financing

Account for bonds, notes payable, and sophisticated debt structures including modifications and restructurings. Apply effective interest methods and analyze debt covenant implications.

Stockholders' Equity Transactions

Construct comprehensive equity statements including stock issuances, treasury stock, and dividend transactions. Master the complexities of capital structure and ownership changes.

Dilutive Securities and Earnings per Share

Calculate basic and diluted EPS in complex scenarios involving convertible securities, stock options, and warrants. Analyze the impact of dilutive instruments on ownership and financial performance.

Investment Accounting

Apply equity method, fair value, and consolidation principles for various investment types. Understand classification criteria and measurement approaches for different investment categories.

Income Tax Accounting

Calculate and report deferred tax assets and liabilities arising from temporary differences. Master effective tax rate computations, valuation allowances, and comprehensive tax disclosures.

Pension and Post-retirement Benefits

Apply actuarial concepts to pension accounting including service costs, interest costs, and plan amendments. Develop transparent disclosures for long-term employee benefit commitments.

Lease Accounting

Analyze lease transactions from both lessee and lessor perspectives. Apply current lease standards including right-of-use asset recognition and lease liability measurement.

Accounting Changes and Error Corrections

Distinguish between changes in principle, estimates, and error corrections. Apply retrospective and prospective reporting requirements while ensuring transparent disclosure.