ACC-1002 Principles of Accounting II
This course is the second course in a university-parallel introductory accounting sequence. This course emphasizes accounting theories, principles and applications with a focus on financial and managerial accounting. Topics include corporate reporting, equities, investments, cash flows, financial statement analysis, costing methods, cost volume profit analysis and budgeting. (Formerly offered as ACC-2002. Students may not receive credit for both ACC-2002 and ACC-1002.)
Prerequisite(s): ACC-1001 with a grade C or higher.
1. Prepare journal entries for the issuance of stock, treasury stock, job costing and process costing transactions.
2. Define cash dividends, stock dividends, and stock splits.
3. Prepare an indirect statement of cash flows.
4. Analyze financial ratios.
5. Evaluate cost, volume, profit relationships.
6. Apply managerial costing methods.
7. Construct master and subsidiary budgets.
8. Report on accounting topics.
9. Analyze master and supporting budgets for performance planning.
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