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    SUNY Broome Community College
  Jan 16, 2018
Website Catalog
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BUS 101 - Accounting II

An expansion of the fundamental concepts and procedures of accounting.  The course includes inventory valuation, receivables, payables and cash flows.  The acquisition, depreciation and disposal of plant assets.  Accounting methods and procedures relating to partnerships and the corporate form of business organization.  Manufacturing with emphasis on the special problems and additional accounting procedures to measure, control, and report factory production costs.  Course includes computerized accounting application.

Prerequisite- Corequisite
Prerequisite:  BUS 100 Accounting I or BUS 111 Financial Accounting

Credits: 4
4 Class Hours
Course Profile
Learning Outcomes of the Course:

     Accounting II is designed to be the second course for those seeking careers in accounting and to provide a core of basic information about the financial operations of business for those seeking careers in other areas of business.

Upon successful completion of this course the student will be able to:

1.  Perform calculations necessary to determine an ending inventory and analyze the impact of inventory errors on financial statements.
2.  Analyze and interpret procedures applied to notes, interest and uncollectible accounts.
3.  Analyze and interpret procedures applied to acquisition, depreciation and disposal of plant and equipment.
4.  Analyze and interpret procedures applied to partnerships and corporations.
5.  Analyze and interpret procedures applied to manufacuring operations.
6.  Analyze and record receivable and payable transactions.
7.  Analyze and interpret value and record of assets.
8.  Demonstrate the different methods of recording equity.
9.  Compare an accrual income statement and a statement of cash flows.
10.  Explain the conceptual differences between Financial Accounting and Managerial Accounting.

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