Accounting II
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Online Accounting II expands on what students learned in online Accounting I, changing the focus to corporate accounting. Lesson topics include how corporations are formed and structured, with an emphasis on corporate characteristics. The course also examines stocks, bonds, notes, purchase investments, analysis of financial statements, cash flow, budgets, and budget management. It offers an in-depth look at managerial accounting.
Course Objectives
After completing this course, students will be able to:
Demonstrate knowledge of the accounting techniques used in corporations, including accounting for stock transactions.
Discuss the various types of corporate investments, differentiating between influential and non-influential investments.
Apply the tools of financial analysis to perform horizontal and vertical analysis.
Calculate and interpret various financial ratios.
Demonstrate knowledge of, and ability to prepare, a statement of cash flows.
Define managerial accounting and understand the techniques used in cost accounting.
Demonstrate the ability to prepare financial statements for a manufacturing company.
Demonstrate knowledge of process cost accounting systems, including the use of equivalent units of production.
Use various allocation methods to allocate overhead and indirect costs.
Compute break-even and cost-revenue analysis values and understand how to interpret the results.
Define a master budget and how it is used in a business.
Discuss a flexible budget and the role of standard costs in the budgeting process.
Describe a capital budget and discuss the role of the time value of money in the budgeting process.
