ACCT 2020 Principles of Accounting II

The student will study the basic principles of accounting as they apply to planning and controlling business operations, corporate accounting, financial statements, and managerial accounting. Prerequisite: Completion of ACCT 2010. (3 lect.)


3 credits

Transfer Status

Equivalent to UW

Major Topics

  • Corporations and stockholders’ equity
  • Equity financing
  • Debt financing and liabilities
  • Investments in corporate securities
  • Measuring cash flow
  • Analysis and interpretation of financial statements
  • Managerial accounting


In order to successfully complete this course, the student will:

1. Apply generally accepted accounting principles to accounting for corporations.

2. Accurately record business transactions for long-term liabilities.

3. Accurately record business transactions for investments and equity.

4. Construct a statement of cash flow.

5. Analyze financial statements using horizontal analysis, vertical analysis, and ratio analysis.

6. Examine the concepts and principles of managerial accounting including job order costing and process costing.

7. Calculate financial information for planning operations, controlling activities and making decisions, including concepts of cost-volume-profit analysis, variance analysis, and capital budgeting/investment analysis.

Other Information

Any information placed here must be adhered to by all instructors:

Please contact the on-campus instructor for the current textbook.