Introduction to Accounting 2

Introduction to Accounting 2
Additional issues in financial and managerial accounting. Review of issues related to balance sheet accounts, performance evaluation and capital budgeting.
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesACC 200
 NoteFor non-business majors.
 TaughtFall, Winter, Spring, Summer
 OfferedAvailable as Independent Study only.
 ProgramsContaining ACC 300
Course Outcomes

Learning Objective

Construct and interpret both a balance sheet and income statement that include elements more advanced than the basic items typically introduced in the first accounting course.

Learning Objective

Construct and interpret a statement of cash flows.

Learning Objective

Apply the financial accounting rules that exist in the following areas:

a. Revenue recognition

b. Inventory

c. Long-term assets

d. Bonds

e. Leases

f. Stockholders' equity

g. Investment securities

Learning Objective

Employ the time value of money in a financial accounting context.

Learning Objective

Apply managerial accounting concepts in the following areas:

a. Use the concepts of financial leverage and operating leverage to assess a company's riskiness.

b. Perform cost-volume-profit analysis using regresssion to identify the fixed and variable components of a mixed cost and in multiple-product settings.

c. Track product costs through a manufacturing process.

d. identify problems through the use of cost variance analysis.

Learning Objective

Independently manage time and workload for a variety of tasks.