Course Summary
Credit Type:
14 weeks (75 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Accounting II


The course objective is to expand on what the student learns in Accounting I by focusing on corporate accounting.

Learning Outcomes:

  • demonstrate knowledge of the accounting techniques used in corporations, including accounting for stock transactions
  • discuss the various types of corporate investments, differentiating between influential and non-influential investments
  • apply the tools of financial analysis to perform horizontal and vertical analysis
  • calculate and interpret various financial ratios
  • demonstrate knowledge of, and ability to prepare, a statement of cash flows
  • define managerial accounting and understand the techniques used in cost accounting
  • demonstrate the ability to prepare financial statements for a manufacturing company
  • demonstrate knowledge of process cost accounting systems, including the use of equivalent units of production
  • use various allocation methods to allocate overhead and indirect costs
  • compute break-even and cost-revenue analysis values and understand how to interpret the results
  • define a master budget and how it is used in a business
  • discuss a flexible budget and the role of standard costs in the budgeting process
  • describe a capital budget and discuss the role of the time value of money in the budgeting process

General Topics:

  • Accounting for corporations
  • Accounting for corporate bonds
  • Corporate investments
  • Corporate financial statement analysis
  • Statement of cash flows
  • Managerial accounting
  • Manufacturing accounting
  • Job order accounting
  • Process cost accounting
  • Cost allocation
  • Cost analysis
  • Master budgets
  • Flexible budgets and standard costs
  • Capital budgets and managerial decisions
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

Supplemental Materials

Other offerings from StraighterLine