BUS 101 - Financial Accounting II

This course is an expansion of the fundamental principles and procedures introduced in BUS 100 Financial Accounting I. It is designed to be the second course for those seeking careers in accounting, and to provide essential information about the financial operations of business for those seeking careers in other areas of business. It covers the following topics: receivables; payables (current and long-term); long-lived assets; debt and equity capitalization; financial statement analysis (including statement of cash flows); and financial and managerial accounting comparison.

Prerequisite- Corequisite
Prerequisite: BUS 100 Financial Accounting I

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

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

Demonstrate the ability to analyze and interpret procedures applied to notes, accounts, interest and uncollectables, and acquisition, depreciation and disposal of long-lived assets.
Demonstrate the ability to analyze and interpret current and long-term liabilities transactions and perform the computations to prepare a payroll and make the journal entries to record the payroll and the employer's payroll taxes.
Demonstrate the ability to analyze and interpret procedures applied to receivables including: notes, accounts, interest and uncollectible.
Demonstrate the ability to analyze and interpret transaction impacting the statement of shareholders equity including equity capitalization, types of dividend distributions, and treasury stock.
Demonstrate the ability to analyze and interpret accrual income statements, and statements of cash flow.
Demonstrate the ability to explain the conceptual differences between Financial Accounting and Managerial Accounting.

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