ACC 310
Principles of Accounting 2
Accountancy
Marriott School of Business
Course Description
Additional issues in financial and managerial accounting. Review of issues related to balance sheet accounts, performance evaluation and capital budgeting.
When Taught
Fall, Winter, Spring
Grade Rule
Grade Rule 8: A, B, C, D, E, I (Standard grade rule)
Min
3
Fixed
3
Fixed
3
Fixed
0
Note
For accounting major applicants.
Title
Learning Outcome
Learning Outcome
Construct and interpret both a balance sheet and income statement that include elements more advanced than the basic items introduced in Acc 200.
Title
Learning Outcome
Learning Outcome
Employ the time value of money in a financial accounting context.
Title
Learning Outcome
Learning Outcome
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 (including use of process costing).
d. identify problems through the use of cost variance analysis.
Title
Learning Outcome
Learning Outcome
Construct and interpret a statement of cash flows.
Title
Learning Outcome
Learning Outcome
Apply the financial accounting rules that exist in the following areas:
a. Revenue recognition (including SAB 101)
b. Inventory
c. Long-term assets (including impairment)
d. Bonds
e. Leases (including the financial ratio impact of operating leases)
f. Stockholders' equity (including accumulated other comprehensive income)
g. Investment securities (including use of the market adjustment account)
Title
Learning Outcome
Learning Outcome
Construct and use simple Excel spreadsheets in a variety of business settings.
Title
Learning Outcomes
Learning Outcome
Independently manage time and workload for a variety of tasks.
