ACC-371 · Accounting

ACC-371 Intermediate Accounting II sample papers, topic by topic

Intermediate Accounting II Grand Canyon University Free custom samples in 24–48h

ACC-371 crosses to the right side of the balance sheet, where the obligations are and where the judgments get harder. Eight topics work liabilities, equity and the transactions designed to sit ambiguously between them.

How this shelf works

Here is ACC-371 split across its eight topics. Name the liability, lease or equity problem you have, send the instructions your classroom posted alongside it, and we return a custom sample in 24 to 48 hours. There is no charge the first time. Searches like "acc 371 topic 4 assignment example", "acc371 sample paper", and "ACC-371 topic samples" land on this page.

What ACC-371 is really about

ACC-371 deals with the side of the balance sheet that companies have the most incentive to shape. An obligation that meets the definition of a liability has to be recognized, and a great deal of financial engineering exists to produce arrangements that give a company the economics of borrowing without the appearance of it. The course works through the main categories with that tension present throughout: what makes an obligation a liability, when a possible obligation becomes a recognized one, and where the boundary between debt and equity actually runs.

The writing looks like classification arguments with references. You will amortize bond discounts and premiums and explain what the issue price told you about market rates, decide what a lease puts on the balance sheet, work contingencies through the probability and estimability tests rather than by instinct, and follow equity transactions into the capital accounts. Expect earnings per share to be more demanding than it looks, because dilution requires thinking about instruments that have not converted. Expect at least one arrangement designed to be ambiguous.

What ACC-371’s assessments ask for

Assignments are classification problems with arithmetic attached. Bond assignments require an amortization schedule and an explanation of why the bond issued at a discount, which is a statement about market rates rather than about the company. Lease assignments concentrate on what the arrangement conveys rather than on what it is called. Contingency assignments apply the recognition tests explicitly, since probable and reasonably possible carry consequences and estimating a range is part of the answer. Equity assignments trace transactions into the specific accounts. Discussion questions frequently present an arrangement that could be argued either way and ask which classification the guidance supports and what the alternative would do to the statements.

Where students lose points in ACC-371

Points go first for classifying an arrangement by its label rather than by its substance, which is the specific failure this material is built around. Papers lose marks for contingency answers that assert a conclusion without applying the probability and estimability tests. Writers who prepare an amortization schedule and never explain what the issue price implied have done the arithmetic and missed the meaning. Lease analyses that ignore what the arrangement conveys to the lessee answer a question about form. Equity transactions recorded with no effect traced to the capital accounts leave the statements unreconciled. Dilution computations that ignore instruments not yet converted understate exactly what the measure exists to show.

ACC-371 grading scale at GCU: how the work is graded, from GCU Assignments
How GCU grades ACC-371, visualized by GCU Assignments.

The ACC-371 drawers

Topic 1

ACC-371 Topic 1 assignment example

Opening topics usually establish what makes an obligation a liability at all. On request, free, 24-48h.

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Topic 2

ACC-371 Topic 2 assignment example

Early sections often work current liabilities and the accruals that are easy to miss. On request, free, 24-48h.

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Topic 3

ACC-371 Topic 3 assignment example

Around here many sections take up bonds and the amortization that follows issue price. On request, free, 24-48h.

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Topic 4

ACC-371 Topic 4 assignment example

Midpoint topics commonly cover leases and what has to appear on the balance sheet. On request, free, 24-48h.

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Topic 5

ACC-371 Topic 5 assignment example

Discussion questions frequently press on contingencies and when disclosure becomes recognition. On request, free, 24-48h.

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Topic 6

ACC-371 Topic 6 assignment example

Later sections usually work equity transactions and what they do to the capital accounts. On request, free, 24-48h.

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Topic 7

ACC-371 Topic 7 assignment example

Many sections near the end examine earnings per share and the dilution behind it. On request, free, 24-48h.

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Topic 8

ACC-371 Topic 8 assignment example

Closing topics typically want a financing arrangement classified and defended with references. On request, free, 24-48h.

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Deliverable names and counts shift between course versions. Send what you see and the desk matches it exactly.

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Using an ACC-371 sample the right way

Read a sample here for the classification argument rather than for its conclusion, since your arrangement will be ambiguous in a different way. Watch where the writer sets the substance of the arrangement against its label, where they apply a recognition test rather than asserting an outcome, and where they state what the alternative classification would do to the reported figures. That last move is what makes the argument checkable.

How these samples are written

Method, in one line: rubric first, structure from the rubric, DQs substantive and final, assignments originality-safe by construction. Topic counts vary by class length; the catch-all drawer absorbs 5-week and 16-week variants. Your free request matches what your classroom actually shows.

ACC-371 questions, answered

What makes an obligation a liability?

A present obligation arising from a past event that will require an outflow of resources. All three parts do work. An intention to spend money next year is not a present obligation; a signed commitment usually is. Applying the definition to the specific arrangement, rather than reasoning from what similar companies report, is what the material is testing.

Why did the bond issue at a discount?

Because its stated rate was below what the market required at issue, so buyers paid less to bring the effective yield up. The discount is not a loss and not a fee; it is the market repricing the instrument. Saying that explicitly, rather than just amortizing it, demonstrates you understood what the schedule represents.

When does a contingency get recognized rather than disclosed?

When an outflow is probable and the amount can be reasonably estimated. Both conditions have to hold. Probable but not estimable is disclosed; reasonably possible is disclosed; remote generally is not. Working the two tests explicitly, and stating your estimate or explaining why one cannot be made, is the answer the guidance actually asks for.