ACCT1107 Principles of Accounting II
This course is a presentation of accounting for intangible assets, long-term liabilities, stockholders` equity and retained earnings. It includes financial statement analysis, the cash flow statement and provides an introduction to cost and managerial accounting.
Prerequisite
ACCT1102 with a grade of "C" or better
Course Requirements and Evaluation
Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.
Learning Outcomes
The following outcomes will be addressed in the course:
Prepare the journal entries for partnership equity
Describe the basic characteristics of corporations
Journalize entries related to a corporation's stock transactions, including dividends
Record journal entries related to bonds
Prepare a statement of cash flows
Analyze financial statements
Journalize transactions for equity investments methods using the cost and equity methods
Identify costs and terminology specific to manufacturing operations
Prepare basic journal entries for a job order cost accounting system
Compute unit costs using a process costing system
Perform cost-volume-profit calculations
Develop schedules needed for a master budget
Text and References
A list of textbooks required for this course is available at the
campus store and in eServices.
Course Scheduling
The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.
Accommodations Statement
Access Services - Reasonable accommodations are available to qualified students with documented disabilities. Upon attending an intake meeting with Access Services, qualified students will receive a letter listing the approved accommodations that they may provide to their instructors. If you have a documented disability that may require accommodations, contact HTC Access Services at
AccessServices@hennepintech.edu or
https://hennepintech.edu/current-students/access-services/index.html.
Campus
Brooklyn Park Campus and Eden Prairie Campus: 952-995-1300
Credit Details