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Master Course Outline
ACCT 114
Introduction to Accounting II
Course Description: Introduction to accounting for partnerships and corporations. Valuation of receivables, inventories
and plant equipment, recording of notes and bonds, preparation of a cash flow statement. 5 lecture hours. Vocational
program course. May be used as a general elective in the AA degree.
Credits: 5
Prerequisites: ACCT 113
Co-requisites: none
Learning Outcomes:
Students will learn to:
 Process notes that are either received or issued
 Evaluate the impact of bad debts on receivables
 Handle the merchandise inventory account under either of the two predominate inventory systems.
 Do the accounting for buying, keeping and disposing of a wide variety of assets.
 Modify records to accommodate the potential of a partnership.
 Record, update, and maintain accounts for a corporation.
 Record the issuing and paying of bonds.
 Explain what activities contribute to a positive or negative cash flow.
 Evaluate the success of a company by using ratio analysis.
Course Resources/Textbooks/Website: Current text information is available at GHC Bookstore.
Academic Integrity: All forms of cheating, falsification, and plagiarism are against the rules of this course and of
Grays Harbor College. Students who are unsure what constitutes academic dishonesty are responsible for asking
the instructor for clarification. Instances of intentional academic dishonesty will be dealt with severely.
Disabilities: Students who have documented disabilities that require accommodations in compliance with the
Americans with Disabilities Act should contact the Disability Support Services coordinator as well as the instructor
of the course in order to ensure that together we create an optimal environment for educational achievement.
W Day, the final day to officially withdraw from a course, is the Thursday of the seventh week (Thursday of the
fourth week for summer). Students who do not withdraw by that date will receive the grades they have earned,
regardless of whether they are attending the course or completing the work. Students who are considering
withdrawal are strongly advised to consult with the instructor, advisor and financial aid prior to withdrawing. The
only withdrawals allowed after W Day are complete withdrawals from all courses.
9/17/2015