ACCT1216 Accounting Principles II

Course Description

This course covers the analysis, from the preparer and user perspective, of business transactions related to partnerships and corporations. Topics include but are not limited to cash and cash flows, internal control, organization, capital structure, stockholders equity, earnings, dividends, fair value accounting and retained earnings statement. Also included is the related statistical financial analysis.

Student Learning Outcomes

  • Analyze internal controls for strengths and weaknesses.
  • Prepare bank reconciliation statements and record the adjustments to the financial records.
  • Apply basic accounting concepts and principles in an ethical way to business transactions.
  • Complete accounting transactions and calculations related to partnerships and limited liability companies.
  • Summarize the types of cash flow activities reported in the statement of cash flows and prepare statement of cash flows.
  • Prepare a report on a publicly traded corporation in the areas of basic analytical procedures along with solvency and profitability analysis.
  • Complete an accounting cycle for a business using a comprehensive accounting project.
  • Journalize financial transactions using special journals.
  • Post journal entries from the general journal and special journals to the general ledger and subsidiary ledgers.
  • Report equity changes in the capital structure of a company resulting from fair value accounting.

Prerequisite

Please see eServices for section availability and current pre-req/test score requirements for this course.

4 credits: 3 lectures / presentations, 1 lab, 0 other