ACCT 102 Introduction to Accounting II

Name: Introduction to Accounting II
Course Number: ACCT 102
Prerequisite(s): ACCT 100
Credit(s): 3

This course emphasizes corporations, partnerships, investments, long term liabilities, investments, financial statement analysis, and cash flows statements. This course also covers cost allocation, managerial accounting, budgets, and analysis of cost-volume-profits. This hands-on course requires students to prepare entries and financial statements. Prerequisite ACCT 100

Learning Outcomes:

  • Describe, explain and calculate accurately different elements of costs.
  • Describe, explain and calculate labor and material costs.
  • Analyze the concepts and principles of and the essential factors behind budgetary control.
  • Identify changes in noncash balance sheet accounts as sources or uses of cash.
  • Understand the essential concepts and principles of break-even analysis and undertake calculations accurately to demonstrate their overall understanding and knowledge.
  • State the general rules for determining whether transactions should be classified as operating activities, investing activities, or financing activities.
  • Prepare a statement of cash flows using the indirect method to determine the net cash provided by operating activities.
  • Prepare a statement of cash flows using the T-account approach.
  • Prepare a statement of cash flows using the indirect method to determine the net cash provided by operating activities.