2013-2014 Catalog 
    
    Jul 12, 2024  
2013-2014 Catalog [ARCHIVED CATALOG]

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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  and minimum placement into EAP 121  or BRDGE 093 .

Course-level Learning Objectives (CLOs)
Upon successful completion of this course, students will be able to:

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



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