2021-2022 Undergraduate Catalog 
    May 28, 2022  
2021-2022 Undergraduate 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 AENGL 093 or ENGLP 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.
  2. Measure and record the disposal and sale of long term assets.
  3. Utilize time value of money techniques to value assets and liabilities.
  4. Journalize transactions for the issuance and repayment of bonds and installment obligations.
  5. Analyze and journalize transactions involving stockholder’s equity accounts.
  6. Prepare and explain a formal statement of cash flows.
  7. Analyze the financial condition and performance of a corporation using several financial analysis techniques.
  8. Journalize transactions involving definitely determinable and estimated liabilities and identify contingent liabilities.
  9. Write clear organized short informational reports using correct format and report writing principles.
  10. Calculate and explain the costs and benefits of simple financial choices encountered in strategic decision making.

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