Principles of Accounting II

Course Number: BA 212
Transcript Title: Principles of Accounting II
Created: September 1, 2012
Updated: August 26, 2019
Total Credits: 3
Lecture Hours: 30
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


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 BA 212, the student will be able to:

  1. Apply an understanding of the fundamentals of financial accounting theory.
  2. Record and report financial information for business at a basic level.
  3. Comprehend the business use of the required financial statements.

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.

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)

  • Account for receivables, to include their recognition, disposal and valuation.
  • Record the acquisition, depreciation and disposal of plant assets.
  • Explain the nature of natural resources and intangible assets and the methods of cost expiration.
  • Explain the nature and types of current liabilities.
  • Explain the nature, purpose and valuation of bonds payable.
  • Account for bonds payable, to include the issuance, retirement and amortization of discounts and premiums.
  • Comprehend the corporate form of organization.
  • Account for common and preferred stock issuance.
  • Account for cash dividends, and stock dividends.
  • Account for the acquisition and re-issuance of treasury stock.
  • Accounting and reporting for security investments, to include their acquisition, disposal and valuation.
  • Comprehend the purpose, use, and preparation of the statement of cash flows.
  • Use horizontal, vertical, and ratio analysis to evaluate financial strength and performance.

Department Notes

This is the second term of the traditional accounting principles sequence. The course emphasis continues the application of generally acceptable accounting principles to the recording and reporting of financial information, the underlying theoretical foundations of accounting, and the analytical skills needed by business and accounting students.