ACC/422 Intermediate Financial Accounting II sample papers, week by week

Reviewed by Davina Cresswell, MBA · Intermediate Financial Accounting II · University of Phoenix · Free custom samples in 24–48h

ACC/422 continues intermediate accounting down the balance sheet. Five weekly samples cover acquiring and depreciating long-lived assets, intangibles and impairment, current liabilities and contingencies, bonds and notes and the equity accounts.

Send the exact assignment or rubric from your classroom and a custom sample written to it lands in 24 to 48 hours, the first one free. ACC/422 is Phoenix’s Intermediate Financial Accounting II course. It examines accounting for property, plant and equipment, intangible assets, current liabilities and contingencies, long-term liabilities, contributed capital and retained earnings. Searches like "acc/422 week 3 assignment example", "ACC422 sample paper", and "ACC 422 week samples" land on this page.

What ACC/422 is really about

Long-lived assets and long-term obligations shape a company's financial position for years. ACC/422 teaches when costs are capitalized, how depreciation and amortization spread them over time, when impairments are recognized and how bonds, notes and stock issuances are recorded.

Assignments usually include cost determination for self-constructed assets, depreciation schedules, impairment tests, warranty and contingency accruals, bond amortization with the effective interest method and entries for stock issuance, treasury stock and dividends. Several sections add a company's annual report so students can compare textbook entries with real disclosures and notes.

What ACC/422’s assessments ask for

Instructors look for capitalization decisions justified by the standards, amortization tables that reconcile, contingencies classified as probable, reasonably possible or remote and equity transactions recorded in the right accounts.

Where students lose points in ACC/422

Students lose points for expensing capital costs, using straight-line amortization where the effective interest method is required or accruing contingencies that only need disclosure. Rounding errors that leave schedules out of balance also cost points.

The ACC/422 drawers

Wk 1

ACC/422 Wk 1 assignment example

Wk 1 usually covers acquiring property, plant and equipment. Full sample paper, annotated: Acquiring Property, Plant and Equipment.

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Wk 2

ACC/422 Wk 2 assignment example

Wk 2 typically addresses depreciation, impairment and intangibles. Full sample paper, annotated: Depreciation, Impairment and Intangible Assets.

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Wk 3

ACC/422 Wk 3 assignment example

Wk 3 often examines current liabilities and contingencies. Full sample paper, annotated: Current Liabilities and Contingencies.

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Wk 4

ACC/422 Wk 4 assignment example

Wk 4 commonly accounts for long-term liabilities. Full sample paper, annotated: Long-Term Liabilities.

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Wk 5

ACC/422 Wk 5 assignment example

Wk 5 closes with contributed capital and retained earnings. Full sample paper, annotated: Contributed Capital and Retained Earnings.

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Using a ACC/422 sample the right way

Post the problems or company your class is using; a free draft comes back with the amortization schedule worked out.

How these samples are written

Method, in one line: instructions first, structure from the rubric, artifacts exact. Week counts vary by course model; the catch-all row absorbs the difference. Your free request matches what your classroom actually shows.

ACC/422 questions, answered

When is a cost capitalized?

When it provides future economic benefit beyond the current period, such as the purchase price and costs needed to get an asset ready for use.

What is the effective interest method?

A method of amortizing bond discounts or premiums so that interest expense equals the carrying value times the market rate at issuance.

When is a contingent liability recorded?

When a loss is probable and the amount can be reasonably estimated; otherwise it may only be disclosed.