ACCT& 202 - Principles of Accounting II

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

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