ACT 105 Principles of Accounting II

COURSE NAME:  ACT 105 PRINCIPLES OF ACCOUNTIN G II

Course Description (Detailed Syllabus is released upon registration)

Students will learn the principles of accounting II, a continuation of basic principles of accounting.  Upon completion of this course students will be able to: 1) define the fundamental concepts of accounting and finance, corporate forms of business,  financial performance, 2)  discuss tools and techniques of financial analysis, comprehensive ratio analysis,  partnership accounting, partnership income and losses, dissolution of partnership, liquidation of partnership, 3) describe role of management accounting, value chain analysis, cost and inventory analysis, product costing, job order costing, process costing system, FIFO costing method, average costing method, activity based systems, activity-based costing, 4) explain breakeven analysis, budgeting process, standard costing and variance analysis, capital investment analysis, capital investment process, and time value of money. 

Prerequisites

None

Required Resource Purchases

Textbook’s name, author’s name, and the ISBN will be released to the students upon registration.  . 

Software and additional resources, including author’s name and the ISBN will be released to the students upon registration.    

Additional Materials for Learning

1. Access to a printer or printing shop such as FedEx Kinko’s
2. Access to high speed Internet and a reliable computer
3. E-mail account that will be checked daily

Course Grading and Policies

1. Points from:  Lessons, Assignments, Tests, Classroom Discussion, and Course Portfolio are factors in grade point calculation.
2. A = 90% – 100%, B = 80% – 89%, C = 70% – 79%, D = 60% – 69%, F = 59% and Below.
3. Late Assignment Policy:  If unable to complete assignments or tests on time, please contact your instructor before the due dates.  Assignments or tests submitted after the due date without appropriate excuse and pre-approval will receive a zero score.

Award Upon Completion

The student will receive 3 Credit Hours upon completion of this course.