ACT 2104 - Principles of Accounting II
This is a continuation of ACT 2402. It examines reports and information needed by the management of a business to make good decisions. Emphasis is on accounting for corporations and partnerships.

Learning Outcomes:
  • Identify characteristics of corporations and their organization.
  • Explain characteristics of common and preferred stock.
  • Compute price-earnings ratio and describe its use in analysis.
  • Assess debt features and their implications.
  • Prepare entries to account for notes.
  • Identify and describe the different classes of investments in securities.
  • Describe the format of the statement of cash flows.
  • Analyze the statement of cash flows.
  • Describe standards for comparisons in analysis.
  • Explain the purpose and nature of managerial accounting.
  • Describe accounting concepts useful in classifying.
  • Compute cost of goods sold for a manufacturer.
  • Prepare job cost sheets.
  • Apply job order costing in pricing services.
  • Explain process operations.
  • Compare process cost accounting and job order cost accounting.
  • Identify bases for allocating indirect expenses to departments.
  • Assign overhead costs using two-stage cost.
  • Describe different types of cost behavior.
  • Describe the importance and benefits of budgeting.
  • Prepare each component of a master budget.
  • Prepare and interpret a flexible budget.
  • Explain the importance of capital budgeting.
  • Introduce self and explain course expectations.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
  • Practices ethical behavior in regard to information and information technology.