Carroll Community College

ACCT-102, Principles of Accounting 2

Credits: 3

Course Description

Principles of Accounting 2 introduces partnerships and corporations through the use of specific accounting problems. Cash flow statements are covered in depth. Cost accounting topics are covered, including job order costing and cost-volume-profit analysis. Students will use Excel to create templates for solving accounting problems related to the above topics. Students will obtain a company's annual report from the Internet, will analyze it and compare the company's results against other companies within the same industry, and will use Power Point to present results to the class. Prerequisite: ACCT-101. CLEP exam accepted. Three hours lecture each week. Three credits. Three billable hours.

Course Objectives and Grading Information

Course Objectives: Upon completion of this course, the student will be able to:

1. Prepare and analyze corporate financial statements of a manufacturing company.

2. Prepare and analyze a statement of cash flows.

3. Demonstrate a basic understanding of the following specific areas by: - accounting for partnerships - distinguishing between debt and equity and the characteristics of each, including bond discounts and premiums - accounting for the various methods of raising capital used by publicly-held corporations; i.e., common stock, preferred stock, bonds - accounting for cash dividends and stock dividends and splits - calculating earnings per share and book value per share - accounting for treasury stock and stock subscriptions - differentiating among the various significant income figures presented on the income statement. - computing cost of goods manufactured and cost of goods sold for a manufacturing business - computing unit cost and other managerial cost information using job order cost accounting system - computing and analyzing cost/volume/profit relationships through the use of contribution margin analysis

4. Create spreadsheet templates to solve accounting problems

5. Use the Internet to access a company's annual report, analyze it and then create a Power Point presentation of the project.