District Syllabus
ACG2011
Accounting II


Credit Hours: 3
Contact Hours: 3
Laboratory Fee: None.
Prerequisites: ACG2001 Accounting I
Corequisites: There are no corequisites for this course.
Catalog Description: Continuation of Accounting I including long-term assets, partnerships, corporations, long-term liabilities, the statement of cash flows and financial statement analysis.
Required Materials: Books:
  • Wild. Connect Plus Accounting Learnsmart 2 sem (Access Card)(1st of 2 choices for textbook), 21 ed., McGraw-Hill, 2013. ISBN: 9780077525088
  • Wild. Principles of Financial Accounting (w/ Connectplus Access) Looseleaf Package, 21 ed., McGraw-Hill, 2013. ISBN: 9780077715342
Supplemental Materials:
Special Requirements: None
Program Learning Outcomes:
Upon completion of this course, the student will be able to:

  1. Record the acquisition, cost allocation, and disposal of long- term assets.
  2. Describe the characteristics of proprietorships, partnerships, and corporations and the main differences in accounting for the three types of business entities.
  3. Account for transactions affecting corporate equity and long- term liabilities.
  4. Demonstrate knowledge of the statement of cash flows and of the analysis of classified financial statements.
Course Learning Outcomes:
To achieve these learning outcomes, the following will be performed:

  1. Prepare journal entries for the acquisition and disposition of long-term assets. Calculate and record depreciation, amortization and depletion of plants assets, intangibles and natural resources.
  2. Calculate the distribution of partnership profits and losses. Prepare journal entries for the issuance of stock and other transactions affecting corporate equity.
  3. Prepare a statement of cash flows, a corporate income statement and a statement of stockholders' equity.
  4. Demonstrate the use of various tools and techniques for analyzing classified financial statement.
  5. Prepare journal entries for corporate bonds and other long-term liabilities.
Methods of Evaluation: Evaluation of student progress towards achieving the stated learning outcomes and performance objectives is the responsibility of the instructor, within the polices of the college and the department. Detailed explanation is included in the expanded syllabus developed by the instructor for each section being taught.
Flexibility: It is the intention of the instructor to accomplish the objectives specified in the course syllabus. However, circumstances may arise which prohibit the fulfilling of this endeavor. Therefore, this syllabus is subject to change. When possible, students will be notified of any change in advance of its occurrence.
Student Email Accounts Pensacola State College provides an institutional email account to all credit students. Pirate Mail is the official method of communication, and students must use Pirate Mail when communicating with the College. In cases where companion software is used for a particular class, emails may be exchanged between instructor and student using the companion software.
Note: For students with a disability that falls under the Americans with Disability Act or Section 504 of the Rehabilitation Act, it is the responsibility of the student to notify Student Resource Center for ADA Services to discuss any special needs or equipment necessary to accomplish the requirements for this course. Upon completion of registration with the Student Resource Center for ADA Services office, specific arrangements can be discussed with the instructor.