Characterize the accounting treatment of installment notes. Intermediate accounting 2 lecture notes akk202 unair studocu. Accounting is a systematized body of knowledge developed with the development of trade and business over the past century. If businesses were allowed to change accounting principles whenever they wished, the amount of net income. Intermediate accounting ii mercer county community. Part 2 focuses on the accounting issues related to longterm notes. Financial accounting is primarily concerned with the preparation of financial statements whereas management accounting covers areas such as interpretation of financial statements, cost accounting, etc. It presumes that students have already completed the introductory financial accounting, and the first intermediate financing accounting course. Go over your class notes and all problems done in class. This is the second financial accounting course designed to continue study of financial accounting concepts and principles. Accounting ii this document was created with prince, a.
A profession is a career that involve the acquiring of a specialised formal education before rendering any service. Intermediate accounting ii is the second in a two course sequence dealing with financial accounting topics. The partners share the profits and losses according to a sharing pattern already agreed. Persons who have entered into partnership with one another are individually called partners and. Specifically, the chapters focus is on the accounting treatment of longterm liabilities. Cma intermediate notes cma inter notes is available for download here on this page and also on our webstore. The longterm liabilities discussed are bonds and notes. Acct3340 intermediate financial accounting ii summer 2020 sections. Kyle, developed in collaboration by athabasca university and lyryx, is intended for the second of two in intermediate financial accounting courses.
Find materials for this course in the pages linked. Both intermediate accounting i and ii form the foundation for much of the accounting curriculum that the successful student must master. Students taking icmai cma inter exams will find the icmai cma intermediate notes very useful cma intermediate notes financial accounting notes. Download accounting notes for ca inter upcoming exams.
This course emphasizes research of technical accounting. It is the responsibility of accounting professionals, teachers and accounting organizations to keep accounting principles uptodate, relevant and useful. Acc202 intermediate accounting ii administrative outline. Both these types of accounting are examined in the following paragraphs. Lecture notes financial accounting sloan school of. Intermediate financial accounting lecture notes, lectures 1 10. Intermediate accounting introduces accounting students into the real show in accounting. Accounting principles focus on the users of accounting information. Principles have developed over a long period of time, and are continuously subject to revision as information needs change. Intermediate accounting, volume 2, second cdn edition w connect access card read pdf intermediate accounting, volume 2, second cdn edition w connect access card authored by j. The chapter 14 lecture is broken down into two separate parts.