University of Hawaii Maui College
Course Outline
1. Alpha
ACC
Number
125
Course Title
Principles of Accounting II
Credits
3
Department
Business/Hospitality
Date of Outline
Oct. 19, 2010 Effective Date 10/19/10
2. Course Description:
Author Jan Moore
5-year Review Date 2015
Continues the study of financial accounting procedures. Areas include: longterm assets, accounting for partnerships and corporations, statement of
cash flows, financial statement analysis, in-depth study of specific balance
sheet accounts.
Cross-list
Contact Hours/Type
3. Pre-requisites
Three (3) hours/Lecture
ACC 124, and MATH 18 or 22 either with grade C or better or placement at
least MATH 23 or 82; or consent.
Pre-requisite may be waived by consent
yes
no
Co-requisites
Recommended Preparation
4. Function/Designation
AS Program
AAS Accounting
BAS Program
AA Category
Category
Additional Category
List Additional Programs and Category:
PR - Program Requirement
Category
Developmental/Remedial
List Additional Programs and Category:
List Additional Programs and Category:
Other/Additional: Explain:
______________________________________________________
______________________
Chancellor
Approval Date
Revised 6/28/2016
Course Outline, page 1
2
See Curriculum Action Request (CAR) form for the college-wide general education student learning
outcomes (SLOs) and/or the program learning outcomes (PLOs) this course supports.
This course outline is standardized and/or the result of a community college or system-wide agreement.
Responsible committee: Program Coordinators, all UH System Community Colleges and Maui
College
5. Student Learning Outcomes (SLOs): List one to four inclusive SLOs.
For assessment, link these to #7 Recommended Course Content, and #9 Recommended Course
Requirements & Evaluation. Use roman numerals (I., II., III.) to designate SLOs
On successful completion of this course, students will be able to:
I. Complete the accounting cycle from source documents to financial statements with emphasis on
practical application of accounting principles for a partnership and corporation.
II. Analyze financial statements using horizontal analysis, vertical analysis, and financial statement ratio
techniques.
III.
IV.
6. Competencies/Concepts/Issues/Skills
For assessment, link these to #7 Recommended Course Content, and #9 Recommended Course
Requirements & Evaluation. Use lower case letters (a., b.…zz. )to designate competencies/skills/issues
On successful completion of this course, students will be able to:
a. journalize transactions involving notes and interest, including adjusting entries for bad debts;
b. prepare schedules of accounts receivables and accounts payables;
c. value ending inventory using FIFO, LIFO, weighted-average cost, and specific identification methods
using perpetual and periodic methods of inventory control;
d. calculate depreciation using straight-line, units of output, double-declining balance, and sum-of-theyears methods;
e. prepare journal entries affecting acquistion, depreciation, and disposal of plant and equipment;
f. allocate partnership profit and losses using various methods;
g. prepare journal entries and financial statements for a partnership;
h. prepare journal entries and financial statements pertaining to a corporation;
i. prepare journal entries for sinking funds and corporate bonds;
j. prepare the statement of cash flow using the indirect method;
k. analyze corporate financial statements using horizontal and vertical analysis and financial ratio
techniques.
7. Suggested Course Content and Approximate Time Spent on Each Topic
Linked to #5. Student Learning Outcomes and # 6 Competencies/Skills/Issues
1-4 Weeks:
1-2 Weeks:
1-2 Weeks:
1-3 Weeks
1-2 Weeks
1-3 Weeks
1-2 Weeks
Revised 6/28/2016
Notes payable and notes receivable (I,a, b)
Uncollectible accounts (I, a, b)
Merchandise inventory valuation (I,c)
Property and equipment (I, d,e)
Partnerships (I, g)
Corporate organization, capital stock, dividends and retained earnings (I, h)
Corporate bonds (I, i)
course outline
3
1-2 Weeks
1-2 Weeks
1-3 Weeks
Statement of Cash Flow (I, j)
Comparative financial statements and analyses (I, d, e))
Financial Statements and Closing Entries for a Merchandising Company (II, k)
8. Text and Materials, Reference Materials, and Auxiliary Materials
Appropriate text(s) and materials will be chosen at the time the course is offered from those currently
available in the field. Examples include:
McQuiag, Douglas, Patricia Bille, Tracie Nobles. College Accounting. South Western Cengage
Learning.
Weygandt, Jerry J., Paul D. Kimmel, and Donald E Keiso. Accounting Principles. John Wiley & Sons,
Inc.
Appropriate reference materials will be chosen at the time the course is offered from those currently
available in the field. Examples include:
Curent events from various newspapers
Business trade journals
Magazines
Appropriate auxiliary materials will be chosen at the time the course is offered from those currently
available in the field. Examples include:
Text(s) may be supplemented with
Accompanying practice sets if available
Articles and/or handouts prepared by the instructor
Magazine or newspaper articles
Appropriate films, videos, or Internet sites
Guest speakers
Other instructional aids
9. Suggested Course Requirements and Evaluation
Linked to #5. Student Learning Outcomes (SLOs) and #6 Competencies/Skills/Issues
Specific course requirements are at the discretion of the instructor at the time the course is being offered.
Suggested requirements might include, but are not limited to:
30 - 90%
0 - 20%
0 - 50%
0 - 30%
0 - 20%
0 - 20%
0 - 20%
Written or oral examinations (I, II a-k))
In-class exercises (I, II, a-k)
Homework assignments (I, II. a-k)
Accounting practice set(s) (I, II. a-k)
Quizzes (I, II. a-k)
Projects or research (I, II, a-k)
Attendance and/or class participation (I, II, a-k)
10. Methods of Instruction
Instructional methods will vary considerably by instructor. Specific methods are at the discretion of the
instructor teaching the course and might include, but are not limited to:
Revised 6/28/2016
course outline
4
Lecture, problem solving, and class exercises or readings
Class discussions, student class presentations, or guest lectures
Audio, visual or presentations involving the Internet
Group or individual projects
Other contemporary learning techniques (e.g., Service Learning, Co-op, School-to-Work, self-paced,
etc.)
11. Assessment of Intended Student Learning Outcomes Standards Grid attached
12. Additional Information:
Revised 6/28/2016
course outline