MASTER COURSE OUTLINE
Big Bend Community College
Date: July 2008
DEPT:
ACCT&
NO:
202
(Formerly BUS 252)
COURSE TITLE:
PRIN OF ACCOUNTING II
CIP Code:
Intent Code:
Program Code:505
52.0302
21
Distribution Desig.:
Specified Elective
PREPARED BY:
CREDITS:
5
Total Contact Hours Per Qtr: 55
Lecture Hours Per Qtr:
Lab Hours Per Qtr:
Other Hours Per Qtr:
55
Preston Wilks
COURSE DESCRIPTION: An introduction to the accounting for fixed assets and depreciation,
intangible assets, current liabilities, corporations, partnerships, long-term liabilities, statement of
cash flows, and financial statement analysis. This course is the second in a three-course series
designed for all accounting and business majors.
PREREQUISITE(S):
TEXT:
ACCT& 201
Accounting, 19th Edition, Warren, Reeve, Fess, Southwestern Publishing Co.
COURSE GOALS: For students to develop an understanding of the accounting for: inventory
cost flows, recording of fixed assets and related depreciation methods, intangible assets, current
liabilities, formation of corporations and related stockholders’ equity, long-term liabilities,
statement of cash flows, and financial statement analysis.
COURSE OBJECTIVES: Upon successful completion of the course, the student will be able
to:
1.
Identify and compute inventory cost flows using currently acceptable methods.
2.
Recording fixed assets and related depreciation for these types of assets.
3.
Understand and record entries related to current liabilities.
4.
Understand and apply acceptable accounting procedures for a corporate entity.
5.
Understand and record entries related to long-term liabilities.
6.
Prepare a statement of cash flows.
7.
Calculate and perform financial statement analysis.
COURSE CONTENT OUTLINE:
1.
Introduction
2.
Inventories
3.
Fixed Assets and Intangible Assets
4.
Current Liabilities
5.
Corporations
a.
Organization
b.
Capital Stock Transactions
c.
Dividends
ACCT& 202
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6.
7.
8.
9.
Corporations
a.
Income and Taxes
b.
Stockholders Equity
c.
Investment in Stocks
Bonds Payable and Investments in Bonds
Statement of Cash Flows
Financial Statement Analysis
EVALUATION METHODS/GRADING PROCEDURES:
Total points possible are allocated as follows (approximately):
Problem Assignments
20%
Chapter Tests and Quizzes
65%
Final Test
15%
TOTAL
100%
Grade determination will be as follows (approximately):
90% - 100%
=
A- to A
80% - 90%
=
B- to B+
70% - 80%
=
C- to C+
60% - 70%
=
D- to D+
Below 60%
=
Fail
PLANNED TEACHING METHODS/LEARNING STRATEGIES:
X Lecture
Laboratory
Supervised Clinical
Small Group Discussion
X Audiovisual
X Individualized Instruction
Special Project
Other (List)
Division Chair Approval
ACCT& 202
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