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.