Principles of Accounting II

Course Number: BA 212
Transcript Title: Principles of Accounting II
Created: September 1, 2012
Updated: May 17, 2021
Total Credits: 2
Lecture Hours: 20
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), P-NP, audit
Repeats available for credit: 0

Prerequisites

Course Description

Introduces statement of cash flows and financial statement analysis and continues the presentation of fundamental accounting issues begun in BA 211. Prerequisite: BA 211. Audit available.

Intended Outcomes

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

  1. Analyze issues relating to inventory, receivables, long-lived assets, liabilities, and stockholder’s equity and recommend appropriate accounting treatment.
  2. Demonstrate an intermediate understanding of the principles of internal control and apply them to relatively straight-forward situations to identify strengths and weaknesses.
  3. Interpret and analyze financial statements to aid in reporting and decision making.

Outcome Assessment Strategies

Assessment methods can include: examinations, quizzes, homework assignments, research papers, case study analysis, and small group problem-solving of questions arising from application of course concepts and concerns to actual experience, oral presentations, and class participation.

Texts and Materials

Text: Accounting, 27th Ed; Warren/Reeve/Duchac; Cengage Learning

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

Course Content (Themes, Concepts, Issues and Skills)

Outcome #1: Analyze issues relating to inventory, receivables, long-lived assets, liabilities, and stockholder’s equity and recommend appropriate accounting treatment.
  • Review inventory accounting principles
  • Accounting for receivables, to include their recognition, disposal and valuation.
  • Recording the acquisition, depreciation and disposal of plant assets.
  • The nature of natural resources and intangible assets and the methods of cost expiration.
  • The nature and types of current liabilities.
  • The nature, purpose and valuation of bonds payable.
  • Accounting for bonds payable, to include the issuance, retirement and amortization of discounts and premiums.
  • Accounting for common and preferred stock issuance.
  • Accounting for cash dividends, and stock dividends.
  • Accounting for the acquisition and re-issuance of treasury stock.
Outcome #2: Demonstrate an intermediate understanding of the principles of internal control and apply them to relatively straight-forward situations to identify strengths and weaknesses.
  • Principles of internal control, especially as they relate to cash.
  • Preparation of a statement of cash flows, as well as the purpose, use, and interpretation of information on the report.
Outcome #3: Interpret and analyze financial statements to aid in reporting and decision making.
  • Perform intermediate analysis and interpretation of financial statements using:
    • Basic financial ratios
    • Horizontal, and vertical analysis
    • Segment analysis