2014-2015 Academic Catalog 
    May 25, 2024  
2014-2015 Academic Catalog [ARCHIVED CATALOG]

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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.

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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