Course

Course Summary

Credit Type:

Course

ACE ID:

OOSL-0010

Organization's ID:

ACC102

Organization:

StraighterLine

Location:

Online

Length:

14 weeks (75 hours)

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	Accounting II

Description

Objective:

The course objective is to expand on what the student learns in Accounting I by focusing on corporate accounting. This course discusses how corporations are structured and formed with an emphasis on corporate characteristics. Stocks, bonds, notes, purchase investments and analysis of financial statements are included, as well as an in-depth look at managerial accounting. Statements of cash flow, budgets, and budget management are also examined.

Learning Outcomes:

Describe the purpose and ethics of managerial accounting and explain its role in business.
Determine the characteristics of partnerships, corporations and similar organizations.
Identify the types of bonds and long-term liabilities including accounting for leases and pensions.
Distinguish between debt and equity securities and between short-term and long-term investments.
Determine cash flows from the 3 activities: operating, investing and financing.
Determine the building blocks of financial analysis and the standards for comparisons.
Describe and compare job order and process costing systems.
Describe the types of cost behavior (production and sales volumes) and applications of cost-volume-profit analysis.
Describe the master and flexible budgeting process and the uses of standard cost information.
Describe the performance evaluation steps and the managerial decisions of relevant costs including capital budgeting and investment analysis.