Oct 22, 2021  
2020-2021 Catalog 
    
2020-2021 Catalog [ARCHIVED CATALOG]

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ACCT& 202 - Principles of Accounting II


5 credits

Prerequisites
ACCT& 201  or ACCT 114 .

This course continues the study of financial accounting theory through the application of the basic concepts and principles of the partnerships and corporation form of business organization. Includes the study of fixed assets, intangibles, liabilities, statement of cash flow, additional financial reporting issues and the analysis and interpretation of financial statements.

Theory Hours
5 theory hours.

AA Specified Elective
Satisfies specified elective requirement for the AA degree.

Course Outcomes
  • Identify the types of long-term assets and explain the management issues related to accounting for them
  • Account for partnership income, dissolution, and liquidation
  • Understand the issuance of stock, dividends, and stock options, as well as buying treasury stock
  • Prepare a statement of cash flows
  • Be able to journalize, post transactions, produce financial reports and evaluate performance of a business




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