CCBC: CATONSVILLE

Business Studies Department

 

Course Syllabus

ACCT 102

 

Principles of Accounting II

 

TEXT:                        Fundamental Accounting Principles, 18th edition

                                    Larson, Wild and Chiappetta, published by McGraw-Hill-Irwin

                                    Homework Manager

 

COURSE DESCRIPTION:

Principles of Accounting II introduces accounting for partnerships and corporations through the use of specific accounting problems.  Practice is also developed in the use of current accounting systems procedures and in the preparation of financial statements.  ACCT 102 is also an introduction to managerial accounting and cost accounting.

 

ACCT 102 OBJECTIVES:

Upon successful completion of this course, students will be able to:

  1. Explain the various methods of accounting for partnership transactions;
  2. Explain the methods of accounting for various stock transactions including the issuance of stock, treasury stock and other corporate equity events;
  3. Compute earnings per share and book value per share.
  4. Explain and record bond transactions;
  5. Explain the relevance and prepare cash flow statements;
  6. Explain the similarities and differences between financial and managerial accounting;
  7. Prepare journal entries for typical job cost and process cost transactions;
  8. Explain the components of the master budget;
  9. Explain and execute cost-volume-profit analysis; and,
  10. Explain and prepare capital expenditure analysis and calculations.

GRADES:

            Through a variety of learning experiences including lecture, class discussions, and audio-visual materials, students will learn and apply financial and managerial accounting concepts and procedures.  Seventy (90) percent of the course grade will be earned by tests, and ten (10) graded homework and other assessment instruments as determined by instructor.

                        Letter grades will be awarded for the following numerical averages:

90-100                                                  A

80-89                                                      B

70-79                                                      C

60-69                                                      D

60-70                                                      Below 60                     F

 

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ACCT 102

ASSIGNMENTS

 

Chapter                       Topic                                                               Problems*       Ex           12                 Accounting for Partnerships                                               1,3                   4,5,7

13                    Accounting for Corporations                                      1,2,4,5,7,8       2,5,7,9

14                    Long-Term Liabilities                                                 1,2,4                1,2,3,7

16                    Reporting the Statement of Cash Flows                     1,2,4,5             5

17                    Analysis of Financial Statements                                1,2,3,4             1,3,5,8

18                    Managerial Accounting Concepts and Principles       1,3,4,5,6,7    6,8,11,14

19                    Job Order Cost Accounting                                        1,3,4             2,3,7,8,9

 20                   Process Cost Accounting                                            1,2,4             5,6,7,8,9

 22                   Cost-Volume-Profit Analysis                                     1,2,3,5             3,4,6,8

 24                   Flexible Budgets and Standard Costs                                    1,2,4                3,4,7,9

 25                   Capital Budgeting and Managerial Decisions                        1,3,4,5             1,2,4,7

 

* All the problems refer to the “A” set of problems