Accounting 314
ACTG 314: Intermediate Accounting II
Prerequisites; ACTG 313.
Credit Hours: (3)
ACTG 314 is a comprehensive study of corporate equity accounts, long term investments, pensions and leases, financial statement analysis and price level reporting.
Detailed Description of Content of Course
Stockholder's equity
a. Paid in capital
b. Retained earnings
c. Issuance and reacquisition of capital stock
d. Dilutive securities and earnings per share calculations
Accounting changes, error correction and incomplete records
a. Accounting changes and error correction
b. Statements from incomplete records
Accounting for pension costs
a. Pension plan fundamentals
b. Pension plan accounting
c. Measurement of pension cost
d. Pension plan disclosure requirements of ERISA - 1974
Accounting for leases
a. Criteria for identifying types of classes
b. Accounting procedures required in various lease transactions
Analysis of financial statements
a. Basic measures of financial analysis
b. Fundamentals analysis versus capital market analysis
6. Financial reporting and changing prices
a. analysis of reporting requirements under current pronouncements
b. Constant dollar accounting
c. Current cost accounting
7. Statement of cash flows
8. Accounting for investments in marketable securities under SFAS No. 115
Detailed Description of Conduct of Course
Lecture format with class discussion of problem assignments.
Goals and Objectives of the Course
1. Students should understand the theory underlying accounting for corporations, accounting changes, pensions, leases, analysis of financial statements, inflation accounting, and the statement of cash flows.
2. Students should understand how the generally accepted accounting principles for the aforementioned areas are applied.
Assessment Measures
Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, and class preparation and participation. Electronic spreadsheet assignments.
Other Course Information
Review and Approval
Date Action Reviewed by
September 2001 Reviewed Dr. Dan Davidson, Chair