RCC CONTACT FOR THIS COURSE:
Ted Willhite, RCC Instructor
twillhite@roguecc.edu
541-956-7067
COLLEGE NOW WEBSITE: http://www.roguecc.edu/COLLEGENOW
Your resource for current information, including processes and forms
COURSE INFORMATION & REQUIREMENTS
RCC Course Title:
Course No.
Practical Accounting II
BT161
Credits:
4
Requirements for Articulating This Class
HIGH SCHOOL INSTRUCTOR EDUCATION BACKGROUND:
 Bachelor’s degree in business or related field
COLLEGE NOW Course Completion Requirements
Students must have:
 1Received grade A-F, W, I, P, Z and NP
 Completed COLLEGE NOW registration process
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Based on current state and college regulations and policy, all students in COLLEGE NOW or other dual
enrollment classes are graded on the same standards and under the same guidelines as any regular college student.
That means that COLLEGE NOW students can earn A - F, W, I, P, Z and NP grades that will show on the official
college transcript.
COLLEGE NOW CONTACT INFORMATION:
Daniella Bivens
Rogue Community College
Table Rock Campus
7800 Pacific Avenue
White City, OR 97503-1060
HSA@roguecc.edu
541-245-7806
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RCC COURSE TITLE: BT161 PRACTICAL ACCOUNTING II
COURSE OUTLINE
Course No: BT161
Credits:
4
Date: December 2010
Course Title:
Practical Accounting II
Institution:
Rogue Community College
Type of Course:
Occupational Preparatory
Length of Course:
A minimum of forty (40) hours for one term.
Prerequisites:
BT151 or BA211 and CS125ss.
Department Assignment:
Business Technology
Course Description: Continues Practical Accounting I (BT151) with emphasis on a merchandising
business by reviewing special journals, preparing the worksheet and the financial statements. Introduces
asset valuation to account for receivables, bad debts, merchandise inventory, plant assets and
depreciation in accordance with generally accepted accounting principles and tax methods as well as
liability/investment reporting. Provides comprehensive coverage of accrual and deferral adjusting
entries. Introduces accounting for partnerships.
Intended Course Outcomes and Key ILO (Institutional Learning Outcomes) indicators: On
successful completions of this course, students will be able to:
Intended Outcomes:
1. Enter adjustments for
merchandise inventory and other
adjustments on a work sheet for
a merchandising firm, complete
a worksheet manually and using
an Excel spreadsheet, and
journalize adjusting entries.
2. Prepare financial statements
and journalize closing entries
under sole-proprietorship and
corporate capital structures;
prepare reversing entries, and
prepare a post-closing trial
balance for a merchandising
firm.
3. Record transactions for
receivables and payables
including notes receivables and
payables with related interest
income and interest expense;
Key ILO Indicators
CT 3 - Locate, organize, analyze,
and interpret data.
AL 2 - Put forth the time and
effort necessary to succeed.
Assessment Methods:
1. Proficiency will be measured
and documented using
standardized written assignments
and tests.
AK 2 - Integrate previous and
new learning, along with
practical skills, to solve
problems.
2. Proficiency will be measured
and documented using
standardized written assignments
and tests.
AK 4 - Use numeracy skills for
interpretation, synthesis, and
analysis of data.
3. Proficiency will be measured
and documented using
standardized written assignments
and tests.
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RCC COURSE TITLE: BT161 PRACTICAL ACCOUNTING II
discounting a note; and
dishonored notes. Determine the
due date and calculate interest
on a promissory note.
4. Define terms related to
accounting for bad debts;
determine and record the
estimate of bad debts under the
income statement and balance
sheet approaches; and record
journal entries for the write off
and recovery of a bad debt using
the direct write-off and
allowance methods.
5. Define merchandise
inventory; explain the effect of
its value on net income;
calculate the value of a periodic
and perpetual inventory using
the cost methods of (1) specific
identification, (2) FIFO, (3)
LIFO, and (4) weighted and
moving average; use the LCM
rule to value an inventory;
estimate the value of inventory
using the gross profit and retail
methods; and record sales and
purchases using the periodic or
perpetual inventory systems.
AK 4 - Use numeracy skills for
interpretation, synthesis, and
analysis of data.
4. Proficiency will be measured
and documented using
standardized written assignments
and tests.
AK 4 - Use numeracy skills for
interpretation, synthesis, and
analysis of data.
5. Proficiency will be measured
and documented using
standardized written assignments
and tests.
6. Determine and record the
cost of a plant asset and
determine the factors needed to
calculate depreciation; compute
an asset’s depreciation and book
value when purchased at various
times during a year under
methods of (1) straight-line, (2)
units of productions, (3)
declining balance, and (4) sumof-the-years-digits; compute
depreciation for tax purposes
under MACRS; record the sale,
trade, and discarding of a plant
asset; calculate and prepare
entries for amortization of
intangible assets and depletion
of natural resources.
AK 4 - Use numeracy skills for
interpretation, synthesis, and
analysis of data.
6. Proficiency will be measured
and documented using
standardized written assignments
and tests.
7. Record adjusting and
AK 1 - Demonstrate ability to
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7. Proficiency will be measured
RCC COURSE TITLE: BT161 PRACTICAL ACCOUNTING II
reversing entries for accrued
expenses and revenues; and
record adjusting and reversing
entries for deferred expenses and
revenues when originally
recorded into a balance sheet
account or if recorded into an
income statement account.
8. List the advantages and
disadvantages of partnerships;
prepare journal entries for the
formation of a partnership;
divide net income and net loss
among partners, prepare closing
entries and financial statements
for a partnership.
9. Analyze and discuss
accounting related word
problems; respond to the
comments of others.
transfer learning in familiar and
unfamiliar contexts in order to
complete tasks.
and documented using
standardized written assignments
and tests.
AL 3 – Internalize and assimilate
information into new situations.
8. Proficiency will be measured
and documented using
standardized written assignments
and tests.
COM 2 - Express ideas clearly in
oral, written, and visual work.
CT 2 - Raise significant and
relevant questions.
9. Students will be evaluated on
both their written responses to
word problems and their written
comments on answers provided
by their peers.
Typical Required and Recommended Texts: (1) College Accounting, Dansby, Kaliski, and
Lawrence, Chapters 1-28, 5th Ed., Paradigm Publishing;
Typical Required and Recommended Equipment and Materials: Pens, #2 pencils, erasers, paper,
and access to a computer for assignments. Microsoft® Excel access for homework templates.
TYPICAL COURSE OUTLINE:
Work Sheet and Adjustments for Merchandising Business
Financial Statements and Closing Entries for a Merchandising Business
Accounting for Receivables, Notes and Interest
Accounting for Bad Debts
Accounting for Merchandise Inventory
Accounting for Plant Assets and Depreciation
Accounting for Accruals and Deferrals
Accounting for Long-Term Liabilities and Investments
Accounting for Partnerships
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