ACC 102 - Accounting Principles II
A continuation of the basic principles of financial accounting including a study of corporation accounts and the statement of cash flows. The course deals with the development of accounting theory with emphasis on managerial techniques for interpretation and use of data in planning and controlling business activities.
Prerequisite: ACC 101 with a grade of C or higher.
Course Learning Outcomes
1. Explain how to account for corporation transactions such as stock, dividends, or treasury stock.
2. Prepare a statement of cash flows using the indirect method.
3. Apply managerial costing concepts relating to all manufacturing cost elements.
4. Perform basic financial analysis, which may include ratio analysis, incremental analysis or cost—volume-profit analysis.
5. Analyze budget reports.
6. Utilize capital budgeting techniques for decision making.