ACCT& 202 - Principles of Accounting II

5.0 Credits
Examine a number of complex accounting topics involving assets, liabilities, and equity accounts. Includes study of bonds, financial statement and analysis, stocks, and statement of cash flows (was ACCT 202). Prerequisite: Grade of 2.0 or higher in ACCT& 201 (was ACCT 201) and minimum placement into EAP 121 or BRDGE 093.

Course Objectives
Upon successful completion of this course, students will be able to:

Allocate the cost of long term assets in accordance with generally accepted accounting principles. [REASON]
Measure and record the disposal, sale and exchange of long term assets. [REASON]
Utilize time value of money techniques to value assets and liabilities. [REASON]
Journalize transactions for the issuance and repayment of bonds and installment obligations. [REASON]
Journalize transactions involving stockholder’s equity accounts and prepare formal financial statements. [COMMUNICATE]
Prepare and explain a formal statement of cash flows. [REASON]
Analyze the financial condition and performance of a corporation using several financial analysis techniques. [REASON]
Journalize transactions involving definitely determinable and estimated liabilities. Identify contingent liabilities. [COMMUNICATE]
Write clear organized short informational reports using correct format and report writing principles. [COMMUNICATE]
Calculate and explain the costs and benefits of simple financial choices encountered in financial planning and strategic decision making. [REASON]