91福利社

Principles of Financial Accounting II — ACCT 1013

1. Course Description
   • Credits: 4.00
   • Lecture Hours/Week: 3.00
   • Lab Hours/Week: 2.00
   • OJT Hours/Week: 0
   • Prerequisites:
     • ACCT 1010: Principles of Financial Accounting I
   • Corequisites: None
   • MnTC Goals: None
   This course covers the accounting concepts and principles which are used in a business environment to provide reports on the economic condition of a partnership and corporate organization. The focus will be on the accrual method of accounting, utilizing Generally Accepted Accounting Principles (GAAP) to analyze and record transactions. This course provides detailed information on topics of fixed assets, liabilities, forms of organization, investments, cash flow statements, and financial statement analysis. Prerequisite: ACCT1010
2. Course Effective Dates: 8/21/17 – Present
3. Outline of Major Content Areas
   As noted on course syllabus
4. Learning Outcomes
   1. Understand cost recovery of fixed asset and expensing methods.
   2. Determine current and long-term liabilities.
   3. Define partnerships and limited liability company organizational forms and accounting entries required.
   4. Understand the corporate structure and the equity accounting entries required.
   5. Analyze and understand complex cash flow statements.
   6. Complete financial statement analysis and evaluate financial performance.
   7. Demonstrate an understanding of valuation and reporting of investments.
5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
   
6. Learner Outcomes Assessment
   As noted on course syllabus
7. Special Information
   None noted