ACCT 1020 - Principles of Accounting II

3 sem hrs cr

This course is a continuation of ACCT 1010 Principles of Accounting I  and an introduction to the preparation and use of managerial and cost accounting concepts utilized in planning and controlling operations. Prerequisite: Sophomore standing (completion of at least 24 credit hours) and ACCT 1010  

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline.

This course may include proctored exams which must be completed on campus or at an instructor approved proctoring center which may require additional costs to the student. Please consult your instructor for additional details. Formerly/Same As (Formerly ACT 2320)

Transfer (UT) or Non-Transfer Course (UN): UT

• Describe accounting terms
• Describe and illustrate acceptable accounting treatment for partnerships
• Describe and illustrate the accounting implications of the corporate form of ownership
• Describe and illustrate corporate earnings and issuance of stocks
• Describe and illustrate the accounting treatment for bonds payable and bond investments
• Describe and illustrate the recording of corporate investments and fair value accounting
• Describe and illustrate the preparation of a statement of cash flows
• Describe and illustrate the basics of capital investment analysis
• Describe and illustrate managerial accounting terms and concepts
• Describe and illustrate the job order costing system
• Describe and illustrate the process costing system
• Describe and illustrate cost behavior and use cost-volume-profit analysis