Accounting II

Accounting II focuses on corporate accounting. Learn about corporate structure characteristics and review stocks, bonds, notes, purchase investments, and analysis of financial statements. Also get an in-depth look at managerial accounting.

What you’ll learn

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Accounting II

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

Accounting II

$79

Plus membership

3 Credits

About This Course

|
ACE Approved 2021

Accounting II focuses on corporate accounting. Learn about corporate structure characteristics and review stocks, bonds, notes, purchase investments, and analysis of financial statements.

download syllabus

What You'll Learn

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.

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Course Details

ACC102

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Accounting II

This online college course provides an understanding of cash flow statements, budgets, and budget management. Also get an in-depth look at managerial accounting.

Prerequisites

There are no prerequisites to take Accounting II though we highly recommend concurrent enrollment in Accounting I.

Topic Subtopics
Accounting for Corporations
  • Forming a Corporation
  • Types of Stock and Dividends
  • Recording Stock Transactions
  • Reporting Earnings and Equity
Accounting for Corporate Bonds
  • Types of Bonds and Accounting for Interest
  • Issuance of Bonds
  • Bond Retirement
  • Notes Payable as a Financing Option
Corporate Investments
  • Types and Class of Investments
  • Accounting for Non-influential Investments
  • Influential Investments
Corporate Financial Statement Analysis
  • Analysis Overview
  • Vertical Analysis
  • Horizontal Analysis
  • Ratio Analysis
Statement of Cash Flows
  • Purpose and Importance of Statement of Cash Flows
  • Cash Flows from Operations
  • Cash Flows from Investments
  • Cash Flows from Financing
Managerial Accounting
  • Purpose and Nature of Managerial Accounting
  • Managerial Costs Concepts
  • Profit and Cost Centers
  • Departmental Operations and Income Statements
Manufacturing Accounting
  • Costs of Goods Manufactured Statement
  • Manufacturing Income Statement
  • Balance Sheet for Manufacturing Company
  • Manufacturing Business's Accounting Cycle
Job Order Accounting
  • Process Cost Accounting System
  • Process Operations
  • Accounting for Job Orders
  • Equivalent Units of Production
Process Cost Accounting
  • Process Cost Accounting System
  • Process Operations
  • Accounting for Job Orders
  • Equivalent Units of Production
Cost Allocation
  • Allocating Overhead Costs
  • Departmental Accounting with Cost Allocation
  • Allocating Indirect Expenses
Cost Analysis
  • Cost Behaviors
  • Measuring Cost Behaviors
  • Break-Even Analysis
  • Cost-Revenue Analysis
  • Cost-Volume-Profit Analysis
Master Budgets
  • Budgeting Process
  • Administrative Procedures Regarding Budgets
  • Master Budgets
Flexible Budgets and Standard Costs
  • Cost Behaviors in the Budgeting Process
  • Fixed Budget
  • Standard Costs
  • Standard Costs as a Management Tool
  • Flexible Budgets
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

Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.

Assignments for this course include 4 graded exams.


The required eTextbook for this course is included with your course purchase at no additional cost.


Wild, John J., and Ken Shaw. Fundamental Accounting Principles, 24th edition. McGraw-Hill/Irwin, 2019. ISBN 9781259916960


Accounting II students also take:

Managerial Accounting

Financial Accounting

Business Communication

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