DO NOT DELETE THIS SECTION
Accounting II
ACC102 | 3 Credits
Take the next step in your foundations of accounting with Accounting II! We’ll focus on corporate accounting — how corporations are structured and formed — while also taking a deep dive into financial instruments, investment analysis, cash flow and budget management.
Professor: Dr. Becca Schwartz-Mette
About This Course
What You’ll Learn
Accounting II provides an introduction to corporate accounting, giving you the tools to:
- Describe the purpose and ethics of managerial accounting and explain its role in business.
- Determine the characteristics of partnerships, corporations, and similar organizations.
- Identify the types of bonds and long-term liabilities, including accounting for leases and pensions.
- Distinguish between debt and equity securities and between short-term and long-term investments.
- Determine cash flows from the 3 activities: operating, investing, and financing.
- Determine the building blocks of financial analysis and the standards for comparisons.
- Describe and compare job order and process costing systems.
- Describe the types of cost behavior (production and sales volumes) and applications of cost-volume-profit analysis.
- Describe the master and flexible budgeting process and the uses of standard cost information.
- Describe the performance evaluation steps and the managerial decisions of relevant costs, including capital budgeting and investment analysis.
StraighterLine Courses Include:
-
Self-paced workload
-
Digital Textbooks
-
Transcript Delivery
-
Grade Improvement Opportunities
-
Interactive Modules
-
Video Lessons
-
24/7 Tutoring & Support
-
Access on Desktop and Mobile
Transfer Credit in 3 Easy Steps
Pick Your Course & Enroll
Getting started is simple — no applications, waitlists, or deadlines. Just create an account, choose your course, and start learning right away.
Every course is self-paced and fully online, so you can fit learning into your life — not the other way around. With support resources included and no hidden fees, you're in control from day one.
Go at Your Own Pace
No rigid schedules, no stress. Just real online college courses you can start anytime, anywhere, and finish on your own terms.
StraighterLine courses offer interactive lessons and assignments that help you understand and retain the material, and come with everything you need to stay on track and succeed — including digital textbooks, tutoring, and real people to support you on your journey to your degree.
Transfer Your Credits, Save Thousands on Tuition
Complete your course with a 70% or higher to make your credits eligible for transfer. Then head to your Student Dashboard, select “Request Transcript,” and tell us where to send it — we’ll take it from there at no additional cost.
Not sure whether your school accepts StraighterLine courses? Our Enrollment Specialists can find out for you!
Does My School Accept This Course?
We’ll find out for you. Students have successfully transferred StraighterLine course credits to 3,000+ schools. Our Enrollment Specialists will contact your college directly to confirm your credits will transfer, so you don’t have to.
WANT US TO CHECK?Course Details
Accounting II expands on what you learns in Accounting I. We’ll focus on corporate accounting — How corporations are structured and formed with an emphasis on corporate characteristics. Stocks, bonds, notes, purchase investments, and analysis of financial statements are all covered, as well as an in-depth look at managerial accounting. Statements of cash flow, budgets, and budget management are also examined.
ACE-Recommended
ACE Code:
OOSL-0010
Flexible Schedule
28-day average completion for all StraighterLine Courses
Business Courses Have Transferred 24,900 times
$1,900,000 Saved on Tuition
Prerequisites
Students are recommended to take Accounting I as a prerequisite to Accounting II.
Course Text
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, 25th edition. McGraw Hill/Irwin, 2021. ISBN 9781260247985
Course Checkpoints
Accounting for Partnerships
- Partnership Formation
- Dividing Partnership Income or Loss
- Partner Admission
- Partner Withdrawal
- Liquidation of a Partnership
- Decision Analysis—Partner Return on Equity
Accounting for Corporations
- Corporate Form of Organization
- Common Stock
- Dividends
- Preferred Stock
- Treasury Stock
- Reporting of Equity
- Decision Analysis—Earnings per Share, Price-Earnings Ratio, and Dividend Yield
Long-Term Liabilities
- Basics of Bonds
- Par Bonds
- Discount Bonds
- Premium Bonds
- Long-Term Notes Payable
- Decision Analysis—Debt Features and the Debt-to-Equity Ratio
Investments
- Basics of Investments
- Debt Investments
- Equity Investments
- Accounting Summary for Debt and Equity Investments
- Decision Analysis: Components of Return on Total Assets
Reporting the Statement of Cash Flows
- Basics of Cash Flow Reporting
- Cash Flows from Operating
- Cash Flows from Investing
- Cash Flows from Financing
- Summary Using T-Accounts
- Decision Analysis—Cash Flow Analysis
Analysis of Financial Statements
- Basics of Analysis
- Horizontal Analysis
- Vertical Analysis
- Ratio Analysis
- Decision Analysis—Analysis Reporting
Managerial Accounting Concepts and Principles
- Managerial Accounting Basics
- Cost Concepts
- Reporting
- Cost Flows and Cost of Goods Manufactured
- Decision Analysis—Raw Materials Inventory Turnover and Days’ Sales in Raw Materials Inventory
Job Order Costing
- Job Order Costing
- Materials and Labor Costs
- Overhead Costs
- Closing Overhead
- Decision Analysis—Pricing for Services
Process Costing
- Process Operations
- Process Costing Demonstration
- Accounting for Process Costing
- Decision Analysis—Hybrid Costing System
Cost Behavior and Cost-Volume-Profit Analysis
- Identifying Cost Behavior
- Measuring Cost Behavior
- Contribution Margin and Break-Even Analysis
- Applying Cost-Volume-Profit Analysis
- Decision Analysis—Degree of Operating Leverage
Master Budgets and Planning
- Budget Process and Administration
- Operating Budgets
- Investing and Financing Budgets
- Budgeted Financial Statements
- Decision Analysis—Direct Labor Budget and Revenue per Employee
Flexible Budgets and Standard Costs
- Fixed and Flexible Budgets
- Standard Costing
- Direct Materials and Direct Labor Variances
- Overhead Standards and Variances
- Decision Analysis—Sales Variances
Performance Measurement and Responsibility Accounting
- Responsibility Accounting
- Profit Centers
- Investment Centers
- Balanced Scorecard and Transfer Pricing
- Decision Analysis—Cash Conversion Cycle
Relevant Costs for Managerial Decisions
- Decisions and Information
- Production Decisions
- Capacity Decisions
- Pricing Decisions
- Decision Analysis—Time and Materials Pricing
Capital Budgeting and Investment Analysis
- Payback Period
- Accounting Rate of Return
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Decision Analysis—Break-Even Time
Assignments & Grading
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 Benchmarks
- 1 Final Exam
What You’ll Need
- A reliable computer or laptop
- Stable internet connection
- Web browser
- Basic computer skills
- Any required course materials
Your Academic Team
Your Faculty Team
We’re not just a platform — we’re a team of professional educators committed to your success. Our courses are built by academic professionals who are leaders in higher education, and your assignments are graded by real people who provide meaningful feedback so you can keep progressing.
Support Team
At StraighterLine, there are real people working behind the scenes to guide you through every course, quiz, and “I’m stuck” moment.
- Enrollment Services
- On-Demand Tutors
- Academic Advisors
- Tech Support
Course Professor
Dr. Becca Schwartz-Mette
PhD
Dr. Rebecca Schwartz-Mette is Associate Professor of Psychology at the University at Buffalo (SUNY). She is a licensed clinical psychologist who provides assessment and intervention services to children, families, and adults. Her research focuses on the social context of adolescent psychopathology and training the next generation of psychologists.
Tutoring & Career Resources
Your StraighterLine membership comes with the tools and guidance you need to thrive academically and take confident steps toward your career.
24/7 live, on-demand tutoring, access via chat or video
Exam and certification prep tools
Faculty Connect portal
24/7 live, on-demand tutoring, access via chat or video
Real, human feedback to help you ace your assignments
Exam and certification prep tools
Real, human feedback to help you ace your assignments
Professional development assistance
Resume-building resources
Professional development assistance
Faculty Connect portal
Resume-building resources
Students who enrolled also took:
TRY FOR FREE
Start Your Free Preview
Explore course content, your Student Dashboard, and all the features StraighterLine offers to support your success. No credit card, no commitment — see how easy it is to use StraighterLine.
Get Started FreeStudent Reviews
4.6
An Affordable Path for Busy Parents
College is so expensive, and as a mom of four kids with two part-time jobs, I would not have had the chance to go to college without StraighterLine. I saved so much money with StraighterLine, and I get to spend more time with my kids!
Christa, StraighterLine Student
StraighterLine Worked Great for Me
StraighterLine was great! I needed to take Business Stats to meet a Grad School pre-req, and am really happy my university partners with them for this. I was able to take it at my own pace, had access to the digital book (which was very easy to take notes in), and had good lessons and assignments that made the class challenging, effective, and fulfilling.
Peter, StraighterLine Student
Go at Your Own Speed Like I Did!
Going at my own pace has allowed me to complete two courses within a month while working on my third course at the same time. It’s super fast and easy. My school has already received my transcripts and approved the courses.
Brianna, StraighterLine Student
Getting Started is Simple
The StraighterLine Advantage
Full flexibility, no timelines or deadlines ever.
Your own support team to get you to the finish line.
Unlimited course access so you can take as many courses as you need.
Transfer guaranteed to one of our 180+ partner schools, and accepted by 3,000+ schools nationwide.
How to Enroll in Accounting II
Select your course and click “Enroll Today”.
Create your account and finalize course purchase.
Start earning affordable college credits!
You’ve Got Questions, We’ve Got Answers
Why is StraighterLine so affordable?
StraighterLine offers a completely online learning experience, free from the high costs of traditional colleges and universities. By cutting out the institutional overhead, we pass the savings onto you (instead of extra costs) — providing top-quality courses at a price that fits with your budget
What is included in the price?
StraighterLine membership gives you access to over 75 self-paced online courses at a fraction of the price you’d pay through your school — meaning you’ll save up to 90% per course. But that’s not all — membership also comes with valuable extras at no extra cost, including academic advising, 24/7 on-demand tutoring, and free transcript delivery to your school
What is ACE, and why does it matter for transfer credits?
StraighterLine courses are recommended for college credit by the American Council on Education (ACE), a respected organization that helps colleges evaluate nontraditional learning for credit. If your school accepts ACE Credit recommendations, there’s a strong chance they’ll accept StraighterLine courses. Always check with your school’s registrar to confirm how transfer credits apply to your degree.
How do I transfer StraighterLine credit?
Transferring your StraighterLine credits is easy:
- Check with your school: If you’re enrolled at one of our 180+ partner colleges, your credits are guaranteed to transfer based on which of our courses your school has agreed to directly accept credit for. Plus, StraighterLine credits have also been accepted by over 3,000 colleges and universities, but it’s always a good idea to confirm your school’s transfer policies before enrolling in a course.
- Request your transcript: Once you complete a course with a 70% or higher, log into your StraighterLine account to request an official transcript. We’ll send it directly to your school at no extra cost.
- Apply your credit: Your school will review your transcript and apply eligibility credits toward your degree, helping you move forward on your academic journey.
Helpful Resources
SUPPORT
Need Help Enrolling?
Our Enrollment Specialists are here to help you get started.
BLOG ARTICLE
How Do StraighterLine Online Courses Work?
Find out what your online learning experience with StraighterLine will be like.
BLOG ARTICLE
Where Can You Transfer StraighterLine Credit?
An easy-to-understand guide on how to transfer StraighterLine credits.
BLOG ARTICLE
How StraighterLine Reduces Tuition Costs
See how StraighterLine has helped students save thousands on tuition.
The Foundations for Your Business Career
You can’t manage what you don’t measure. That’s why accounting is such an important skill for anyone going into business, not just the accountants. Accounting II helps you interpret the numbers — not just report them — so you can understand what’s really happening and make smarter decisions.
Why it matters:
- 1.7 million new jobs are expected in business and financial fields between 2023–2033.
- Driven by growth and innovation? Business moves faster than the public sector and provides a greater variety of options.
In-demand careers in this field include:
Accountant, Financial Analyst, Marketing Specialist, Human Resources Coordinator, Project Manager, Business Operations Associate, Supply Chain Analyst, Sales Representative, and Entrepreneur.
How this course sets you up for success:
Accounting is a critical prerequisite for most business majors. Get a good understanding of the principles and start working towards your business career.
Course included in Unlimited Plans
SCRIPT HERE DO NOT DELETE