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.
ACC
300
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesACC 200
 NoteFor non-business majors.
 TaughtFall, Winter, Spring, Summer
 OfferedAvailable as Independent Study only.
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.