Jan 27, 2022  
College Catalog 2021-2022 
College Catalog 2021-2022

ACCT& 202 - Principles of Accounting II

5 Credits
This course incorporates the basics covered in ACCT& 201  and relates them to more complex accounting functions. Topics include forms of business (proprietorships, partnerships, and corporations), internal control, debt and equity, bonds, inventories, intangible assets, depreciation, statement analysis, and cash flow. This course concentrates on theory and assumes the student has some background in accounting.

Prerequisite(s): Completion of ACCT& 201 with a 2.0 or higher, or placement into ACCT& 202.

Course Outcomes
  1. Construct an income statement, statement of owner’s equity, balance sheet and a cash flow statement.
  2. Post transactions to the general ledger and special ledgers.
  3. Prepare various analysis ratios.
  4. Analyze the effects of purchasing, disposing, and valuing long term assets.
  5. Demonstrate an understanding of Internal Control situations.
  6. Calculate present values of cash as it relate to bonds.
  7. Prepare journal entries to record bond issuance, interest payments, and redemption of Bonds.
  8. Account for the issuance of common and preferred stock and cash and stock dividends and stock splits.
  9. Describe debt financing and equity financing.
  10. Prepare a Statement of Cash Flows using the Direct and Indirect methods.