Master Course Outline ACCT 202 Principles of Accounting II



Master Course Outline

ACCT 202

Principles of Accounting II

Course Description:

This course continues the study of financial accounting theory through the application of the basic concepts and principles of the partnerships and corporation form of business organization. Includes the study of fixed assets, intangibles, liabilities, statement of cash flow, additional financial reporting issues and the analysis and interpretation of financial statements. 5 lecture hours. Satisfies specified elective requirement for the

AA degree




ACCT 201 or ACCT 114



Learning Outcomes:

Students will learn to:

Identify the types of long-term assets and explain the management issues related to accounting for them.

Do the accounting related to the acquiring, maintaining, and disposing of long-term assets.

Identify the management issues related to short- and long-term debt.

Do the accounting for the issuance, interest expenditures, and payback of short- and long-term debt.

Account for partnership income, dissolution, and liquidation.

Identify and explain the management issues related to contributed capital.

Account for the issuance of stock, dividends, and stock options, as well as buying treasury stock.

Identify the issues related to evaluating the quality of a company’s earnings.

Prepare an income statement and statement of stockholder’s equity.

Describe and prepare a statement of cash flows.

Evaluate Financial Performance

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.


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.