| Topic | Lesson Topic | Subtopics | Objectives |
| 1 |
Accounting for Corporations |
- Forming a Corporation
- Types of Stock and Dividends
- Recording Stock Transactions
- Reporting Earnings and Equity
|
- Define the term corporation and explain how corporations are structured and formed.
- Differentiate between common stock, preferred stock and treasury stock and explain how dividends work.
- Demonstrate the ability to record stock transactions
- Describe the various procedures for reporting earnings and equity.
|
| 2 |
Accounting for Corporate Bonds |
- Types of Bonds and Accounting for Dividends
- Issuance of Bonds
- Bond Retirement
- Notes payable as a financing option
|
- Explain the types of bonds and describe the procedures relating to dividends.
- Demonstrate knowledge of bond issuance procedures.
- Discuss the bond retirement process.
- Describe the use of notes payable as a financing option for corporations.
|
| 3 |
Corporate Investments |
- Types and class of investments
- Accounting for non-influential investments
- Influential investments
|
- Explain a corporation's motivation for purchasing investments.
- Demonstrate knowledge of the accounting procedures for influential investments.
- Describe the various types and classes of investments.
- Discuss the procedures to account for non-influential investments.
|
| 4 |
Corporate Financial Statement Analysis |
- Analysis Overview
- Vertical Analysis
- Horizontal Analysis
- Ratio Analysis
|
- Describe the purpose and basic tools of financial statement analysis.
- Demonstrate knowledge of vertical analysis.
- Explain vertical analysis procedures.
- Calculate financial statement ratios including ratios on profit, liquidity, and financial strength.
|
| 5 |
Statement of Cash Flows |
- Purpose and importance of Statement of Cash Flows
- Cash Flows from Operations
- Cash Flows from Investments
- Cash Flows from Financing
|
- Explain the importance and purpose of a statement of cash flows.
- Demonstrate the ability to prepare a statement of cash flows.
- Distinguish between cash flows from operations, investments, and financing.
|
| 6 |
Managerial Accounting |
- Purpose and Nature of Managerial Accounting
- Managerial Costs Concepts
- Profit and Cost Centers
- Departmental Operations and Income Statements
|
- Explain the purpose and nature of Managerial Accounting.
- Discuss managerial accounting concepts, including cost classifications.
- Describe the use of profit and cost centers in managerial accounting.
- Demonstrate knowledge of departmental accounting operations, including preparation of departmental financial statements.
|
| 7 |
Manufacturing Accounting |
- Cost of Goods Manufactured Statement
- Manufacturing Income Statement
- Balance Sheet for Manufacturing Company
- Manufacturing Business's Accounting Cycle
|
- Explain the purpose and usefulness of a statement of cost of goods manufactured.
- Demonstrate the ability to prepare a manufacturing company's income statement.
- Demonstrate the ability to prepare a manufacturing company's balance sheet.
- Discuss the procedures involved in a manufacturing company's accounting cycle.
|
| 8 |
Job Order Accounting |
- Process Cost Accounting System
- Process Operations
- Accounting for Job Orders
- Equivalent Units of Production
|
- Define the term process cost accounting.
- Demonstrate knowledge of the process operations of a company.
- Explain the importance of process inventory in process cost accounting.
- Discuss the term equivalent units of production and its role in process cost accounting.
|
| 9 |
Process Cost Accounting |
- Process Cost Accounting System
- Process Operations
- Accounting for Job Orders
- Equivalent Units of Production
|
- Define the term process accounting.
- Demonstrate knowledge of the process operations of a company.
- Explain the importance of process inventory in process cost accounting.
- Discuss the term equivalent units of production and its role in process cost accounting.
|
| 10 |
Cost Allocation |
- Allocating Overhead Costs
- Departmental Accounting with Cost Allocation.
- Allocating Indirect Expenses
- Responsibility Accounting
|
- Explain how overhead is allocated under the two-stage and activity-based allocation methods.
- Demonstrate knowledge of how indirect expenses are allocated.
- Discuss departmental accounting allocation of expenses.
- Describe a responsibility accounting system and the key components of that system.
|
| 11 |
Cost Analysis |
- Cost Behaviors
- Measuring Costs Behaviors
- Break-Even Analysis
- Cost-Revenue Analysis
- Cost-Volume-Profit Analysis
|
- Discuss various costs behaviors, including fixed, variable and mixed costs.
- Explain the procedure for measuring cost behaviors.
- Describe the benefits of using a break-even analysis.
- Demonstrate the ability to do cost-volume-profit analysis.
- Discuss cost-revenue analysis.
|
| 12 |
Master Budgets |
- Budgeting Process
- Administrative Procedures Regarding Budgets
- Master Budgets
|
- Describe the budgeting process.
- Discuss the uses of budgets as a management tool.
- Explain the purpose of a master budget.
- Demonstrate knowledge of budget management procedures and administration.
|
| 13 |
Flexible Budgets and Standard Costs |
- Cost Behaviors in the Budgeting Process
- Fixed Budget
- Standard Costs
- Standard Costs as a Management Tool
- Flexible Budgets
|
- Discuss the cost behaviors of variable and fixed costs.
- Explain the prepa of a fixed budget.
- Describe the use of standard costs in the budgeting process.
|
| 14 |
Capital Budgets and Managerial Decisions |
- Capital Budgeting Without Accounting for Time Value of Money
- Capital Budgeting Factoring in the Time Value of Money
- Managerial Decision Making
|
- Define the term capital budget and explain how capital budgets are usedby managers.
- Differentiate between a capital budget that accounts for the time value of money and one that does not.
- Discuss how management uses accounting information to make decisions.
|
| 15 |
Review |
- Accounting for Corporate Bonds
- Corporate Investments
- Corporate Financial Statement Analysis
- Statement of Cash Flows
- Managerial Accounting
- Manufacturing Accounting
- Job Order Accounting
- Process Cost Accounting
- Cost Allocation
- Cost Analysis
- Master Budgets
- Flexible Budgets and Standard Costs
- Capital Budgets and Managerial Decisions
|
|
Accounting 2 Syllabus
