Accounting II

Course Content from McGraw-Hill

Course Number: ACC102

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Online Accounting II expands on what students learned in online Accounting I, changing the focus to corporate accounting. Lesson topics include how corporations are formed and structured, with an emphasis on corporate characteristics. The course also examines stocks, bonds, notes, purchase investments, analysis of financial statements, cash flow, budgets, and budget management. It offers an in-depth look at managerial accounting.

etextbook included

college credits

Self Paced

Accounting

This Course Now Includes a FREE eTextBook

Buy the course for only $59 and get a copy of "Fundamental Accounting Principles" at no additional cost

By including eTextbooks in our courses, StraighterLine is helping students achieve their academic goals by providing best-in-class tools to make studying more convenient.

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10/6/14 by clasmaldonado

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10/6/14 by clasmaldonado

Content Rating	80 100
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10/1/14 by john.s

Content Rating	100 100
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10/1/14 by john.s

Content Rating	100 100
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8/28/14 by leah

Content Rating	80 100
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8/28/14 by leah

Content Rating	80 100
Overall Rating	100 100

7/26/14 by michelle.r

Read and know basic materials and this class will be one of the best accounting classes you ever take.

Content Rating	100 100
Overall Rating	100 100

7/26/14 by michelle.r

Read and know basic materials and this class will be one of the best accounting classes you ever take.

Content Rating	100 100
Overall Rating	100 100

7/14/14 by nathan.stark620

Great preparation for future accounting majors as ell as a valuable overview for the non-accounting inclined.

Content Rating	60 100
Overall Rating	80 100

7/14/14 by nathan.stark620

Great preparation for future accounting majors as ell as a valuable overview for the non-accounting inclined.

Content Rating	60 100
Overall Rating	80 100

8/1/13 by lil_ebb

Book for the course was easy to find and reasonable at amazon. The Quizzes and Exams were straight forward out the book.

Content Rating	100 100
Overall Rating	100 100

7/30/13 by camalott

Overall I was disappointed by how barebones this course was. The online lessons simply consisted of a series of pages to work through, including a audio portion that did not match the text onscreen. They tried supplementing the material by attaching PowerPoint files to read through and Excel files to fill in, but neither were developed for this course, thus they did not help a lot; often they were a waste of time.

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7/17/13 by schulmansm

Accounting II

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7/11/13 by Kshutt1985

It was pretty good overall. I was happy the tests were all open book.

Content Rating	80 100
Overall Rating	80 100

5/14/13 by gentiana2nd

Excellent course structure and material!

Content Rating	80 100
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5/3/13 by t2hope

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5/3/13 by t2hope

Content Rating	80 100
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3/14/13 by eyesonhim1

Content Rating	80 100
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2/5/13 by prince.kalaria

Content Rating	80 100
Overall Rating	80 100

12/9/12 by nlahaye80236

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11/19/12 by methibosheth

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11/19/12 by methibosheth

Content Rating	80 100
Overall Rating	80 100

9/9/12 by rachellebogart

I enjoyed the review activities immensly, because they helped me learn the material in a fun way.

Content Rating	100 100
Overall Rating	100 100

8/13/12 by melissa.adolph

I like the flexibility of working when I want and as long as I want. I need flexibility with having 2 children. I can work on my assignments throughout the day, 5, 6, 7, days a week. If something comes up and I can't work on assignments that day, I don't get penalized for it.

I also like that I can pass with a 70%. Not that I don't want to get the best grade possible, but I can work a little faster through the course knowing that I don't have to have a 80 or 90%.

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7/10/12 by sburghoff

I liked being bale to move along at my own pace. I was able to sompletet he course in just over a month as opposed to 16 weeks for conventional online class.

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6/29/12 by easpilman

I liked everything being online and also being able to go at my own pace.

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Overall Rating	100 100

5/16/12 by gregjlee

I liked that I can go through it as fast or slow as I want

Content Rating	80 100
Overall Rating	100 100

4/15/12 by gregjlee

I liked that I was able to go through as fast as I wanted

Content Rating	100 100
Overall Rating	100 100

2/19/12 by jeffrey.bergman

I liked that this course was online and available 24/7. I could complete it at my own pace

Content Rating	100 100
Overall Rating	100 100

2/4/12 by sarah_ann_hud

I liked the ability to complete the assignments quickly.

Content Rating	80 100
Overall Rating	80 100

12/23/11 by thebuckstopshere05

I liked the convenient format. The recommended textbook was very good.

Content Rating	80 100
Overall Rating	100 100

9/21/11 by jmd223

I liked the lessons

Content Rating	100 100
Overall Rating	100 100

9/5/11 by gspatola

I liked the online flexibility

Content Rating	100 100
Overall Rating	80 100

7/24/11 by economicallystable

I liked the review section.

Content Rating	80 100
Overall Rating	100 100

5/14/11 by TYESCRAZYGIRL

i loved the fact that i received instant feedback on my test results. it let me know what i needed to improve upon and work harder on.

Content Rating	100 100
Overall Rating	100 100

3/16/11 by supera1948

In my opinion, the best part of the course was the interactive lesson. For reviewing with my learning style, I reviewed the best from the flashcards under "Review Activities."

Content Rating	100 100
Overall Rating	100 100

2/21/11 by gqbrusewitz

It was very convenient and fast.

Content Rating	100 100
Overall Rating	100 100

2/16/11 by aankoop

Its thorough but uncluttered presentation of facts, and the combination of auditory and visual learning.
Nice graphics in Blackboard.

Content Rating	80 100
Overall Rating	100 100

2/10/11 by lanetstf

Love the actual text book flow for this course. Great book model.

Content Rating	60 100
Overall Rating	80 100

1/16/11 by eletharthur

Tests correlated well to reading material

Content Rating	80 100
Overall Rating	80 100

7/10/10 by alchamb

Content Rating	100 100
Overall Rating	100 100

7/9/10 by bc.dgp2

Content Rating	80 100
Overall Rating	80 100

7/8/10 by btfletcher

Content Rating	100 100
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7/7/10 by CHRISLANE125

Content Rating	80 100
Overall Rating	100 100

7/6/10 by craig.houchins

Content Rating	100 100
Overall Rating	100 100

7/5/10 by culbertson.jessiah7

Content Rating	100 100
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7/4/10 by damian.k.baker

Content Rating	80 100
Overall Rating	80 100

7/3/10 by dan

Content Rating	60 100
Overall Rating	60 100

7/2/10 by desantotony

Content Rating	80 100
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7/1/10 by DJGodwinUSN

Content Rating	60 100
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6/30/10 by drhouser

Content Rating	100 100
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6/29/10 by eafowler3

Content Rating	80 100
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6/28/10 by jarrall

Content Rating	100 100
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6/27/10 by Jennifer Talley

Content Rating	100 100
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6/26/10 by jnthncapps92

Content Rating	100 100
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6/25/10 by joethestudent09

Content Rating	60 100
Overall Rating	60 100

6/24/10 by jwanders

Content Rating	80 100
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6/23/10 by laurieberg10

Content Rating	100 100
Overall Rating	80 100

6/22/10 by Linkofliberty

Content Rating	100 100
Overall Rating	100 100

6/21/10 by mcvittiethomas

Content Rating	100 100
Overall Rating	100 100

6/20/10 by mmholland

Content Rating	80 100
Overall Rating	100 100

6/19/10 by prince_sandra

Content Rating	80 100
Overall Rating	80 100

6/18/10 by seanpatrickfay

Content Rating	100 100
Overall Rating	100 100

6/17/10 by sellaneous

Content Rating	60 100
Overall Rating	80 100

6/16/10 by twgrimes0584

Content Rating	80 100
Overall Rating	80 100

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.

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	None

StraighterLine suggests, though does not require, that students take Accounting I or its equivalent before enrolling in Accounting II

The required eTextbook for this course is included with your course purchase at no additional cost. More information on StraighterLine eTextbooks

Prefer the hard copy? Simply purchase from your favorite textbook retailer; you will still get the eTextbook for free.

With 55 years of success in the principles of accounting market, Fundamental Accounting Principles, 19e by Wild, Shaw and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior end-of-chapter material, and a highly engaging, pedagogical design. Inclusion of Carol Yacht’s General Ledger and Peachtree application software provides students every advantage as they strive to understand the key concepts of accounting and their role in business.

Wild, John J., Kermit D. Larson, and Barbara Chiapetta. Fundamental Accounting Principles, Volume 2, 19th edition. McGraw-Hill/Irwin, 2009. ISBN 9780073379548

StraighterLine provides a percentage score and letter grade for each course. 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
3	Graded Exam #1	150
7	Graded Exam #2	150
7	Midterm Exam	200
10	Graded Exam #3	150
14	Graded Exam #4	150
15	Final Exam	200

Final Proctored Exam

The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.

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eTextbook*: ACC102 eTextbook (a $68.15 value) +$0.00
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Tutoring (included)*: Tutoring +$0.00

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Accounting II

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