Accountancy
 

Principles of Accounting 2

Principles of Accounting 2
Additional issues in financial and managerial accounting. Review of issues related to balance sheet accounts, performance evaluation and capital budgeting.
ACC
310
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesACC 200
 TaughtFall, Winter, Spring
 OfferedAvailable on BYU campus only.
 ProgramsContaining ACC 310
Course Outcomes: 

Learning Outcome

Construct and interpret both a balance sheet and income statement that include elements more advanced than the basic items introduced in Acc 200.

Learning Outcome

Construct and interpret a statement of cash flows.

Learning Outcome

Apply the financial accounting rules that exist in the following areas:

a. Revenue recognition (including SAB 101)

b. Inventory

c. Long-term assets (including impairment)

d. Bonds

e. Leases (including the financial ratio impact of operating leases)

f. Stockholders’ equity (including accumulated other comprehensive income)

g. Investment securities (including use of the market adjustment account)

Learning Outcome

Employ the time value of money in a financial accounting context.

Learning Outcome

Apply managerial accounting concepts in the following areas:

a. Use the concepts of financial leverage and operating leverage to assess a company's riskiness.

b. Perform cost-volume-profit analysis using regresssion to identify the fixed and variable components of a mixed cost and in multiple-product settings.

c. Track product costs through a manufacturing process (including use of process costing).

d. identify problems through the use of cost variance analysis.

Learning Outcome

Construct and use simple Excel spreadsheets in a variety of business settings.

Learning Outcomes

Independently manage time and workload for a variety of tasks.