ACCT& 202 Principles of Accounting II

5 credits

The second course in the accounting transfer sequence. This course is an introduction to the fundamentals of accounting with application to sole proprietorship and corporate forms of business organization.

Prerequisites: ACCT& 201 or ACCT 111

Course Outcomes
Upon successful completion of this course students will be able to:

Describe the impact of basic investing and financing transactions on a business’s financial position
Employ double-entry bookkeeping to record and report on basic business investing and financing transactions in an accounting system
Construct a report of a business’s cash flows
Critically analyze a business’s financial position, cash flows, and operational results
Compute and evaluate financial ratios

Program Outcomes
This course teaches to the following program outcome:

apply manual methods and software tools to prepare accounting statements and reports

Global Outcomes
This course teaches to the global outcome of critical thinking.

Total Hours: 50 Lecture Hours: 50