ACCT& 202 Principles of Accounting II • 5 Cr.
Presents basic concepts used in financial reporting and interpreting financial statements. Prerequisite: ACCT& 201 with a C or better or e ntry code.
After completing this class, students should be able to:
- Evaluate corporate financial information:
- Identify the main issues associated with capital asses acquisition, use, and disposal.
- Describe the principal types of liabilities and recall how they arise.
- Apply time value theory to creation of investment portfolio.
- Analyze the principle sources of change to stockholder’s net worth.
- Identify the elements of comprehensive income and evaluate corporate income statement.
- Explain the steps required to measure cash flows of a period and compare and contrast the cash flows of a corporation between two periods or between two entities.
- Comprehensively evaluate the assets, liabilities, equity, cash flows and profits of a business.
- Identify basic accounting issues associated with corporate investments, mergers and international activities.