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

• Demonstrate knowledge of generally accepted accounting principles (1, 2, 4, 5)
• Complete the steps in the accounting cycle and prepare the financial statements (1, 4, 5)
• Determine the application, interpretation, and financial statement effect of specific accounting methods and procedures (1, 4, 5)