Accounting II
- Course : ACC102
- Your Price : $399.00 or only $39 with a monthly subscription plan
Overview
Accounting II expands on what students learned in Accounting I, changing the focus to corporate accounting. Lesson topics include how corporations are formed and structured, with an emphasis on corporate characteristics. It offers an in-depth look at managerial accounting.
Demos
Course Text
Wild, John J., Kermit D. Larson, and Barbara Chiappetta. Fundamental Accounting Principles, Volume 2 (Chapters 12-25), 18th edition. McGraw-Hill/Irwin, 2007. ISBN: 9780073286624
Course Objectives
After completing this course, students will be able to:
- Demonstrate knowledge of the accounting techniques used in corporations, including accounting for stock transactions.
- Discuss the various types of corporate investments, differentiating between influential and non-influential investments.
- Apply the tools of financial analysis to perform horizontal and vertical analysis.
- Calculate and interpret various financial ratios.
- Demonstrate knowledge of, and ability to prepare, a statement of cash flows.
- Define managerial accounting and understand the techniques used in cost accounting.
- Demonstrate the ability to prepare financial statements for a manufacturing company.
- Demonstrate knowledge of process cost accounting systems, including the use of equivalent units of production.
- Use various allocation methods to allocate overhead and indirect costs.
- Compute break-even and cost-revenue analysis values and understand how to interpret the results.
- Define a master budget and how it is used in a business.
- Discuss a flexible budget and the role of standard costs in the budgeting process.
- Describe a capital budget and discuss the role of the time value of money in the budgeting process.
Course Prerequisites
You must have taken Accounting I or its equivalent to be eligible for enrollment in this course.
Course Evaluation Criteria
StraighterLine does not apply letter grades. Students earn a score as a percentage of 100%. A passing percentage is 70% or higher.
If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.
There are a total of 1000 points in the course.
| Topic | Assessment | Points Available |
|---|---|---|
| 1 | Graded Quiz A | 30 |
| 2 | Graded Quiz B | 30 |
| 3 | Graded Quiz C | 30 |
| 3 | Graded Exam #1 | 150 |
| 4 | Graded Quiz D | 30 |
| 5 | Graded Quiz E | 30 |
| 6 | Graded Quiz F | 20 |
| 7 |
Graded Quiz G | 20 |
| 7 | Graded Exam #2 | 150 |
| 8 | Graded Quiz H | 30 |
| 9 |
Graded Quiz I | 30 |
| 10 |
Graded Quiz J | 30 |
| 11 | Graded Quiz K | 30 |
| 11 | Graded Exam #3 | 150 |
| 12 | Graded Quiz L | 30 |
| 13 | Graded Quiz M | 30 |
| 14 | Graded Quiz N |
30 |
| 14 | Graded Exam #4 | 150 |
Course Topics and Objectives
| Topic | Lesson Topic | Subtopics | Objectives |
|---|---|---|---|
| 1 | Accounting for Corporations |
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| 2 | Accounting for Corporate Bonds |
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| 3 | Corporate Investments |
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| 4 | Corporate Financial Statement Analysis |
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| 5 | Statement of Cash Flows |
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| 6 | Managerial Accounting |
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| 7 | Manufacturing Accounting |
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| 8 | Job Order Accounting |
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| 9 | Process Cost Accounting |
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| 10 | Cost Allocation |
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| 11 | Cost Analysis |
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| 12 | Master Budgets |
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| 13 | Flexible Budgets and Standard Costs |
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| 14 | Capital Budgets and Managerial Decisions |
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| 15 | Review |
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Online College Tutoring Included
Accounting II includes 10 hours of free tutoring help— live, one-on-one, on-demand instructional support from SMARTHINKING.
TRANSFERABLE COLLEGE CREDITS: 3
This program provides you with 6-months of course access.
