Jun 14, 2025  
WSCC 2025-2026 Catalog 
    
WSCC 2025-2026 Catalog

ACC 222 - Intermediate Accounting II


Offered WI
Lecture- 3 Lab- 2
4 credit hrs/5 contact hrs
Prerequisite: ACC 221 - Intermediate Accounting I  with “C” or better (2.0 out of a 4.0 scale)
Continuation of Intermediate Accounting I. Includes leases and pensions, corporate paid‐in capital and retained earnings, income taxes, statements from incomplete records, statements of changes in financial position, and analyzing financial statements.

Student Learning Outcomes:
Analyze and compute the costs related to the acquisition of long-term assets. Identify and calculate the various depreciation methods and the ways to account for depreciation expense. Explain and compute the costs and amortization of intangible assets. Account for long-term investments. Examine the characteristics of debt financing including the computation, amortization, accounting of long-term debt. Analyze the corporate structure of organizations as it relates to contributed capital. Describe the principles of revenue recognition and the required disclosures. Analyze the accounting for postretirement benefits and pension plans. Understand and compute the statement of cash flows.  Communicate business concepts, methods, and evidence clearly in written and spoken course requirements. Exhibit ethical/professional behavior in and out of the classroom in attendance, conduct, assignment completion, teamwork and constructive peer feedback.