Delta College logo

Principles of Accounting II

Course NumberACC 212
Credits4
Lab Hours15
Lecture Hours60
Course DescriptionPrerequisite: ACC 211 with a C (2.0) minimum grade. Includes a study of corporation basic theory and methodology, statement of cash flows, accounting for manufacturing operations, and accounting data as used in performance measurement, decision making, planning, and control. (60-15)


Outcomes and Objectives

Describe the preparation and use of financial statements for strategic decision-making.
Objectives:
  1. Demonstrate an understanding of the interrelationship of the statement of cash flows to the income statement and balance sheet.
  2. Characterize the users and uses of financial information displayed in the statement of cash flows.
  3. Describe the elements and purpose of the statement of cash flows.

Illustrate and analyze an entity's liquidity, solvency, and profitability.
Objectives:
  1. Apply basic tools in financial statement analysis to highlight the significance of financial statement data.
  2. Practice skills to render analysis based on available business information.

Apply basic elements of managerial and manufacturing accounting.
Objectives:
  1. Contrast managerial and financial accounting by identifying distinguisging features of managerial accounting.
  2. Associate the broad functions of management with the role of the accountant.
  3. Describe the elements of the manufacturing income statement.

Explain the purposes and characteristics of cost accounting.
Objectives:
  1. Describe the cost flows of a manufacturing accounting system.
  2. Differentiate the uses and users of various costing systems.

Illustrate the significance of cost behaviors.
Objectives:
  1. Explain the characteristics of various cost behaviors.
  2. Complete cost-volume-profit analysis and related decision-making.

Describe the planning and control process as it relates to the business environment.
Objectives:
  1. Demonstrate the essentials of effective budgeting.
  2. Describe the concept of budgetary control and responsibility accounting.

Outline the steps in the decision-making process.
Objectives:
  1. Display effective problem solving and decision-making skills.
  2. Associate relevant costs with decision making.
  3. Use the capital budgeting process to make effective decisions.




1961 Delta Road, University Center MI 48710 | 989-686-9000 | info@delta.edu
Delta College is an Equal Opportunity Organization, committed to excellence through inclusiveness and diversity.
Copyright ©