91福利社

Principles of Accounting II — ACCT 1004

1. Course Description
   • Credits: 4.00
   • Lecture Hours/Week: 3.00
   • Lab Hours/Week: 1.00
   • OJT Hours/Week: 0
   • Prerequisites: None
   • Corequisites: None
   • MnTC Goals: None
   Apply fundamental accounting concepts and principles. Topics include long-term assets; current and long-term liabilities; corporation and partnership accounting. Generally Accepted Accounting Principles (GAAP) will be used to analyze and record transactions. The ultimate objective is to understand the effects of these transactions to provide timely and relevant information and their effect on financial statements. Analysis of financial statements using a variety of tools will also be covered.
2. Course Effective Dates: 4/15/26 – Present
3. Outline of Major Content Areas
   1. Cash flow and financial statement analysis
   2. Corporate accounting
   3. Current and long-term liabilities
   4. Long-term assets
   5. Partnerships and Limited Liability Companies
4. Learning Outcomes
   1. Apply 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. Interpret differences in the corporate structure and the equity accounting entries required.
   5. Analyze 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