May 25, 2019
ACCT& 202 - Principles of Accounting II 5 Credits
Continue with generally accepted accounting principles; analysis of assets, liabilities and equity; analysis of financial statements and statement of cash flows. Designed for business transfer students.
Pre-requisite(s) ACCT& 201 min 2.0
Course Note Previously ACCTG 202.
Designed to Serve Business transfer students.
Active Date 2014-04-24
Grading System Decimal Grade
Class Limit 32
Contact Hours: Lecture 55 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 55
Degree Distributions: AA Transferable Elective
A. Plant Assets and Intangibles
B. Current Liabilities
C. Long-term Liabilities
D. Equity transactions
E. Reporting and analyzing cash flows
F. Analysis of financial statements
Student Learning Outcomes
Analyze business transactions and determine when the transaction should be recorded, which accounts the transaction affects, and what dollar amounts to record using generally accepted accounting procedures.
Record the transaction in the accounting record using journal entries or “T” accounts and to determine the impact on the accounting equation after the transaction has been recorded.
Summarize the recorded accounting transactions to general ledgers (or “T” accounts), trial balances and work sheets, financial statements, annual reports, regulatory agency reports, or management reports.
Communicate accounting information by listening, speaking clearly, and producing written documents that meet standards of accuracy and accepted accounting procedures when dealing with the organizations’ stakeholders.
Research accounting authorities and business practices, and develop recommendations for the treatment of business transactions consistent with using generally accepted accounting procedures and ethical standards.
Analyze the use of company resources on current operations and assess the implications and consequences of using these resources on future operations.
Use accounting information as feedback to assess company plans and company performance by comparing those plans to actual results of company operations and determining the reasons and impact of the differences.
Perform duties individually or in teams using appropriate policies, guidance, ethical standards, and management directions.
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