Intermediate Accounting II

Instructor Information

• Instructor: Dr. Layla Nasser (Assistant Professor of Accounting)
• Email: lnasser@university.alkimi.ai
• Office: Tidewell Hall 308
• Office Hours:
  • Monday & Friday: 11:30 a.m.–1:00 p.m. (In person, Tidewell Hall 308)
  • Tuesday: 2:00–3:00 p.m. (Virtual via Zoom; link posted in Canvas)
  • Also available by appointment.

Course Description

Continuation of ACCT 310 covering current and long-term liabilities, leases, income taxes, pensions, stockholders' equity, earnings per share, accounting changes, and the statement of cash flows. ACCT 311 is the second course in the financial accounting sequence, providing rigorous technical study of balance sheet liability and equity accounts, as well as complex reporting standards. Building upon foundational financial accounting concepts, the course analyzes the recognition, measurement, and disclosure requirements for leases under ASC 842, deferred income taxes under ASC 740, postretirement benefits, share-based compensation, dilutive securities, and the statement of cash flows. Students develop fluency in navigating the FASB Accounting Standards Codification and applying US GAAP to complex corporate transactions.

Prerequisites

ACCT 310.

Measurable Student Learning Outcomes

Upon successful completion of ACCT 311, students will be able to:

1. Account for Liabilities and Contingencies: Measure, record, and disclose current and long-term liabilities, bonds payable, debt issuance costs, extinguishments, and loss contingencies under US GAAP.
2. Apply Lease Accounting Standards: Classify, measure, and record operating and finance leases for lessees and lessors in accordance with ASC 842.
3. Calculate Deferred Income Taxes: Compute temporary and permanent book-tax differences, deferred tax assets and liabilities, and assess the necessity of valuation allowances under ASC 740.
4. Analyze Stockholders' Equity and Dilutive Securities: Account for share issuances, treasury stock, dividends, stock options, and calculate basic and diluted earnings per share (EPS).
5. Prepare the Statement of Cash Flows: Construct and interpret a comprehensive statement of cash flows using both direct and indirect methods for complex corporate operating, investing, and financing activities.

Required Course Materials & Approximate Costs

1. Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield. Intermediate Accounting. 18th ed., Wiley, 2022. Approx. $65 digital rental, $140 print purchase.
2. Financial Accounting Standards Board (FASB). Accounting Standards Codification (FASB ASC). Free academic access provided via Alkimi Library databases.
3. Total estimated cost: $65 to $140.

Generative AI Policy (AI Level 2: AI Permitted with Disclosure for Specified Tasks)

In accordance with Alkimi University Academic Policies (Student Handbook §5.8), ACCT 311 operates under AI Level 2.

• What is permitted: You may use generative AI tools to review FASB Accounting Standards Codification definitions, check spreadsheet formula syntax, and brainstorm structure for technical memos.
• What is prohibited: You may not use AI tools during in-class examinations, nor may you submit AI-generated journal entries, calculations, or written technical memos as your own work.
• Disclosure: Any submission that incorporates AI assistance for research or spreadsheet troubleshooting must include a brief disclosure statement explaining the prompts used and how the output was verified.

Grading Components and Weights

• Midterm Examination 1: 20% (In class, Thursday, September 24)
• Midterm Examination 2: 20% (In class, Thursday, October 29)
• FASB Codification Research Memo: 15% (Due Friday, November 20 at 11:59 p.m.)
• Weekly Problem Sets: 15% (Weekly quantitative homework assignments submitted via Canvas on Fridays at 11:59 p.m.; lowest score dropped)
• Weekly Pre-Class Quizzes: 5% (Brief reading and concept checks completed in Canvas prior to Tuesday lectures)
• Comprehensive Final Examination: 25% (Tuesday, December 15, 2026, 8:00–10:00 a.m.)

Grading Scale (Alkimi University Standard)

• A: 93–100% | A-: 90–92%
• B+: 87–89% | B: 83–86% | B-: 80–82%
• C+: 77–79% | C: 73–76% | C-: 70–72%
• D+: 67–69% | D: 60–66% | F: Below 60%
• Extra credit: No extra credit assignments are offered in ACCT 311. Course grades are determined entirely by demonstrated performance on regular assignments and examinations.

Course Schedule (Fall 2026)

Course Policies

Attendance Policy

Class attendance in Tidewell Hall 120 is essential for mastering complex GAAP standards and problem-solving methodologies. If you must miss a class session due to illness or university-sponsored commitments, please notify Dr. Nasser in advance and coordinate with a classmate to review lecture notes. Students who miss the first two class meetings without notifying the instructor may be dropped. Students may miss class for religious observance without penalty if they notify the instructor in writing within the first two weeks of the semester (by Wednesday, September 9, 2026). Absences for university-sponsored activities (athletics, performances, conferences) are excused with a letter from the sponsoring office at least one week in advance.

Late Work Policy

Weekly problem sets and the FASB research memo will incur a 10% penalty per calendar day overdue and will not be accepted more than three days past the deadline. Pre-class Canvas quizzes close promptly at the start of class and cannot be submitted late.

Final Exam Policy

The final examination (Tuesday, December 15, 2026, 8:00–10:00 a.m.) is scheduled by the University Registrar and can't be moved without the Dean's written approval (Faculty Handbook §5.5). A student with three or more final exams on the same calendar day may reschedule one of them. Requests go to the instructor of the middle exam by the last day of classes. For this term, send the request by Wednesday, December 9, 2026 (Student Handbook §6.4).