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Catalog Course Search Details

This course has been changed from the previous catalog, the changed field(s) are highlighted in red:

 Course Title:   Prin of Accounting II

 Title Abbreviation:   PRIN OF ACCOUNTING II

 Department:    ACCT&

 Course #:    202

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520301

 EPC:    n/a

 REV:    2014


 Course Description  

Continuation of ACCT& 201. Business organizations, financing, cash flow analysis and financial statement analysis are presented. Required for business majors transferring to 4 year business programs.

 Prerequisite  

Accounting 201 or instructor permission.

Additional Course Details

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0


Intent: Distribution Requirement(s) Status:  

Academic Required for ATA degree, Elective  

Equivalencies At Other Institutions

Other Institution Equivalencies Table
Institution Course # Remarks
CWU ACCT252 Accounting II
WSU ACCT230
WWU ACCT240

Learning Outcomes

After completing this course, the student will be able to:

  1. Analyze and record financial transactions for partnerships
  2. Prepare financial statements for partnerships
  3. Analyze and record financial transactions for corporations
  4. Prepare financial statements for corporations
  5. Prepare statements of cash flows
  6. Analyze financial statements
  7. Analyze international company cases

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

2. Critical Thinking

Definition: The ability to think critically about the nature of knowledge within a discipline and about the ways in which that knowledge is constructed and validated and to be sensitive to the ways these processes often vary among disciplines.

Outcomes: Students will be able to . . .
2.1 Identify and express concepts, terms, and facts related to a specific discipline.
2.3 Identify, interpret, and evaluate pertinent data and previous experience to reach conclusions.

8. Mathematical Reasoning

Definition: Understanding and applying concepts of mathematics and logical reasoning in a variety of contexts, both academic and non-academic.

Outcomes: Students will be able to . . .
8.3 Interpret information and reasoning expressed mathematically (for example in spreadsheets, diagrams, charts, formulas, etc.).

Course Contents

  1. Accounting concepts and principals
  2. Plant assets and intangible assests
  3. Payroll, notes payable and other current liabilities
  4. Partnership formation, income division and liquidation
  5. Corporations: Organization and equity rights
  6. Stockholders' equity, earnings and dividends
  7. Long-term liabilities and investments in bonds
  8. Investments in stocks; consolidated statements; International operations
  9. Statement of cash flows
  10. Financial statement analysis and annual reports
  11. Decision-making cases
  12. Interpretation cases from business
  13. Ethics cases
  14. International company cases