May 18, 2021  
2020-2021 Catalog 
    
2020-2021 Catalog
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ACCT& 202 - Principles of Accounting II

Credits: 5
The second course in the accounting transfer sequence. Topics include fixed assets, liability and equity sections of the balance sheet, the statement of cash flows, and financial statement analysis. Uses problem solving and application of generally- accepted accounting principles to promote critical reasoning. Includes computer application.

Prerequisite: Eligible for ENGL& 101  and MATH 147 ; and ACCT& 201  with a grade of 2.0 or higher; or instructor’s permission. Recommended: BUS& 101  and computer spreadsheet skills.

Course Outcomes:
Students who successfully complete this class will be able to:

  1. Calculate appropriate amounts and record common business transactions relating to long-term assets, current and long-term liabilities, and stockholders’ equity.
  2. Construct a basic statement of cash flows.
  3. Analyze the performance of an organization using financial analysis techniques.
  4. Use a computer spreadsheet application to calculate amounts, solve problems, and prepare reports.

Program Outcomes
  1. Implement calculator/computer technology to solve problems.


College-wide Outcomes
  • Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
  • Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.



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