ACC 318 is SNHU’s Intermediate Accounting II course. It centers on liabilities and equity under GAAP: contingencies, bonds and long-term notes, leases under ASC 842, income taxes and deferred tax accounts, stockholders' equity, debt covenants and classification, accounting changes and error corrections, and basic and diluted earnings per share. Every module below opens a full sample paper or takes a free request for one; searches like "acc 318 module 3", "ACC318 sample paper" and "ACC 318 milestone example" land on this page.
What ACC 318 is really about
ACC 318 is SNHU's second intermediate accounting course, and its topics share one trait: almost every number depends on a judgment about the future. Whether a lawsuit is probable, what rate to discount a lease at, whether a deferred tax asset will ever be used and which securities might become common shares are all estimates. Strong work shows the schedule behind each figure, names the standard that governs it and explains the judgment in a sentence a lender could follow.
The samples on this shelf share one composite company, a privately held chain of eighteen indoor trampoline and adventure parks in Texas and Oklahoma that leases its buildings, borrows to open new parks and took on a private equity investor through convertible preferred stock this year. That mix gives every module a realistic liability or equity question. The company, its parks and its figures are illustrative.
What ACC 318’s modules ask for
Across eight modules, ACC 318 typically asks for a discussion of contingencies, an assignment on bonds or long-term debt, a lease accounting assignment, a first project on income taxes, a stockholders' equity assignment, a discussion of debt covenants or classification, a second project on accounting changes and errors, and an earnings per share assignment. Most assignments combine amortization tables or schedules with journal entries and a short explanation.
Where students lose points in ACC 318
The most common ACC 318 deduction is an amortization table that does not reach the face or zero balance it should, which signals a wrong rate or period. The second is classification: debt that should be current, a lease called finance when it is operating, or a deferred tax account netted across jurisdictions. Graders also mark down error corrections treated as changes in estimate and diluted EPS computed without testing each security for dilution. Building each schedule first and checking its ending balance fixes most of these.
The ACC 318 drawers
ACC 318 Module 1 Discussion example
An opening post on two pending matters at a composite Texas trampoline park chain, a parent's lawsuit over a nine-year-old's broken leg and a likely fire-code fine, sorted with the ASC 450 tests of probable, reasonably possible and remote, with the accrual for one, disclosure for the other and the tension between candor and a court case, using the FASB's contingency standard, Kieso and colleagues and Hennes. Full sample paper, read it free.
ACC 318 Module 2 Long-Term Debt Assignment example
A long-term debt assignment for a composite trampoline park chain that issues $10 million of five-year, 6 percent bonds when the market wants 7 percent: the issue price of $9,584,170, a semiannual effective interest amortization table to maturity, the journal entries at issuance and for the first two payments, balance sheet presentation, and the $283,652 loss when the bonds are called at 101 after three years, with Kieso and colleagues, Graham and Harvey and Chava and Roberts. Full sample paper, read it free.
ACC 318 Module 3 Lease Accounting Assignment example
A lease assignment in which a composite trampoline park chain signs two leases in one month, a ten-year lease of a former big-box store for a new park and a five-year lease of trampoline court equipment with a $1 purchase option: the five classification tests, the right-of-use asset and lease liability for each, first-year schedules showing straight-line cost for the operating lease and front-loaded cost for the finance lease, and what the new standard put on the balance sheet, with the FASB lease update, Kieso and colleagues and Altamuro and colleagues. Full sample paper, read it free.
ACC 318 Module 4 Project One example
Project One works through income taxes for a composite Texas trampoline park chain: permanent differences from a fire-code fine and meals, temporary differences from bonus depreciation on attractions and membership fees taxed when received, current and deferred tax expense, a deferred tax liability and asset, a valuation allowance on an Oklahoma loss carryforward, the effective rate reconciliation and the balance sheet presentation, with Kieso and colleagues, the FASB tax standard and Graham, Raedy and Shackelford. Full sample paper, read it free.
ACC 318 Module 5 Stockholders' Equity Assignment example
An equity assignment that records a year of owner transactions at a composite trampoline park chain: a private equity firm buying $10 million of convertible preferred stock, a founder's shares bought back into treasury and some reissued to managers, cumulative preferred and common dividends, and a statement of stockholders' equity that ties to the balance sheet, with Kieso and colleagues, Grullon and Michaely and Bens and colleagues. Full sample paper, read it free.
ACC 318 Module 6 Discussion example
A discussion post about a composite trampoline park chain that misses a fixed-charge coverage covenant after an ice storm closes nine parks for eleven days: why a covenant breach can turn long-term debt into a current liability overnight, what kind of waiver lets it stay long term, what that does to the current ratio and why lenders write covenants this way, with Kieso and colleagues, Dichev and Skinner and Chava and Roberts. Full sample paper, read it free.
ACC 318 Module 7 Project Two example
Project Two sorts two surprises at a composite trampoline park chain into the right category: trampoline courts wearing out in five years instead of seven, handled prospectively as a change in estimate, and party deposits booked as revenue the year before the parties happened, corrected retrospectively with restated comparatives and an adjustment to opening retained earnings, plus the disclosures each requires and why the label matters to users, with the FASB standard on changes and errors, Kieso and colleagues, Palmrose and colleagues and Hennes and colleagues. Full sample paper, read it free.
ACC 318 Module 8 Earnings per Share Assignment example
An earnings per share assignment for a composite trampoline park chain whose new investor holds convertible preferred stock and whose managers hold options: weighted average shares after a buyback and a reissuance, preferred dividends removed from the numerator, the treasury stock method for 120,000 options, the if-converted method for 800,000 potential shares, ranking by dilutive effect and the presentation of $1.17 basic and $1.11 diluted EPS, with the FASB EPS standard, Kieso and colleagues and Bens and colleagues. Full sample paper, read it free.
Your classroom shows something else?
Southern New Hampshire University revises courses; module counts and deliverables shift between terms. Send what your classroom shows and the desk matches it exactly.
Using a ACC 318 sample the right way
Read an ACC 318 sample by checking the last line of each schedule first: a bond table should end at face value, a lease liability at zero and the equity statement at the balance sheet totals. Then read the paragraph that explains the judgment behind it. Use the layout and reasoning, not the figures, since your problems will differ. For ACC 318, send the problem, the instructions and the rubric, and the first custom sample comes back free within 24-48h.
ACC 318 questions, answered
What topics does ACC 318 cover?
Liabilities, contingencies, bonds and notes, leases, income taxes, stockholders' equity, earnings per share and accounting changes and error corrections, among others depending on the section.
Is ACC 318 harder than ACC 317?
Many students find it harder because topics such as leases, deferred taxes and diluted EPS involve several steps and judgments. Building schedules carefully is the key skill.
Do I need a financial calculator for ACC 318?
A financial calculator or Excel is very helpful for bond and lease present values. Show the inputs or formulas in written work so a grader can follow them.