ACC 122 - Principles of Accounting II

Offered FL, WI
Lecture- 3 Lab- 2
4 credit hrs/5 contact hrs
Prerequisite: ACC 121 - Principles of Accounting I with “C” or better (2.0 out of a 4.0 scale)
Continuation of ACC 121. Topics include corporation equity, longterm liabilities and investments, cost accounting, budgeting, managerial accounting, and Cash Flow Statements.

Student Learning Outcomes:

Describe the nature of a corporation, organization, capital stock transactions and dividends.
Analyze bonds payable and investments in bonds.
Develop and demonstrate the uses of cash flow statements.
Explain the managerial accounting and job order cost systems.
Examine and utilize job order costing and process costing systems.
Examine the nature and objectives of budgeting and develop a full master budgeting process.
Analyze performance evaluation using variances from standard cost.
Communicate business concepts, methods, and evidence clearly in written and spoken course requirements.
Exhibit ethical/professional behavior in and out of the classroom in attendance, conduct, assignment completion, teamwork and constructive peer feedback.