ACCT& 202: Principles of Accounting II

The theory and practice of accounting, including financial statements. Emphasis on partnership and corporate accounting. Course Outcomes: 1. Implement financial accounting concepts relating to current liabilities, including payroll. 2. Integrate various inventory cost flow assumptions in a simulated business environment. 3. Illustrate the application of depreciation, depletion and amortization principles 4. Implement financial accounting principles relating to long-term assets and liabilities 5. Execute financial accounting principles within a partnership form of business 6. Execute financial accounting principles within a corporate form of business 7. Assess financial performance using financial statement analysis concepts 8. Integrate financial accounting concepts in a simulated business environment 9. Organize financial data using appropriate technology resources