MCCCD Program Description

Accounting Principles II

Course: ACC112

First Term: 1994 Fall

Lecture 3.0 Credit(s) 3.0 Period(s) 3.0 Load
Subject Type: Occupational
Load Formula: S

Description: Continuation of the fundamental theory of accounting principles and procedures, including interpretation of general purpose financial statements

MCCCD Official Course Competencies
1. Describe transactions applicable to acquisition, depreciation, and disposal of plant and equipment. (I) 2. Record transactions applicable to the formation of partnerships, profit distribution, and liquidation of partnerships. (II) 3. Describe the corporate concept and record transactions for the issuance of stock and dividend distributions. (III) 4. Record transactions involving the purchase and sale of treasury stock. (III) 5. Journalize long-term debt transactions. (IV) 6. Describe accounting for short and long-term securities. (V) 7. Prepare consolidated statements. (V) 8. Prepare a statement of cash flows. (VI) 9. Analyze financial statements using ratios and other analytical tools. (VII) 10. Describe general tax concepts applicable to various forms of business organizations. (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Plant and Equipment A. Acquisition and disposal B. Tangible and intangible assets C. Depreciation, amortization, and depletion II. Partnership Organization and Operation A. Forming a partnership B. Allocating operating results C. Changing membership D. Dissolving a partnership III. Corporate Organization A. Stock characteristics B. Corporate income and retained earnings statements C. Special stock transactions IV. Long-Term Debt A. Bond characteristics B. Bond premium and discount C. Time value of money D. Other long-term debt V. Accounting for Inter-company Investments A. Investments in stock and bonds B. Consolidated methods C. Consolidated statements VI. Statement of Cash Flows A. Classifications of cash flows B. Operating activities 1. Direct method 2. Indirect method C. Interpretation of cash flow statements VII. Financial Statement Analysis A. Standards for financial analysis B. Sources of information C. Tools and techniques D. Common ratios VIII. Tax Concepts A. Sole proprietorship B. Partnership C. Corporation

MCCCD Governing Board Approval Date: 4/26/1994

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.