| Credit Hours: |
3 |
| Contact Hours: |
3
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| Laboratory Fee: |
None.
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| Prerequisites: |
ACG2001 Accounting I
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| Corequisites: |
There are no corequisites for this course.
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| Comments: |
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| Catalog Description: |
A continuation of Accounting I including long-term assets,
partnerships, corporations, long-term liabilities, the statement of
cash flows and financial statement analysis.
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| Required Materials: |
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| Supplemental Materials: |
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| Special Requirements: |
None
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| Program Learning Outcomes: |
Upon successful completion of the program students will:
Analyze business activities and record accounting transactions
using journal entries with equal debits and credits.
Analyze general ledger accounts and prepare necessary end-of-
period adjusting entries.
Prepare an income statement, statement of owners/stockholder's
equity, and balance sheet.
Prepare a statement of cash flows.
Demonstrate competency in utilizing accounting software to
complete the accounting process.
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| Course Learning Outcomes: |
To achieve these learning outcomes, the following will be performed:
- 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.
- Calculate the distribution of partnership profits and losses.
Prepare journal entries for the issuance of stock and other
transactions affecting corporate equity.
- Prepare a statement of cash flows, a corporate income statement
and a statement of stockholders' equity.
- Demonstrate the use of various tools and techniques for
analyzing classified financial statement.
- Prepare journal entries for corporate bonds and other long-term
liabilities.
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| Methods of Evaluation: |
Evaluation of student progress towards achieving the stated learning
outcomes and performance objectives is the responsibility of the
instructor, within the policies of the college and the department.
Detailed explanation is included in the expanded syllabus developed
by the instructor for each section being taught.
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| 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.
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| 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.
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| 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.
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| Equity Statement: |
Pensacola State College does not discriminate on the basis of race, color, national origin, sex, disability, age, religion, marital status, pregnancy, sexual orientation, gender identity or genetic information in its programs, activities and employment. For inquiries regarding the College's non-discrimination policies, contact: The Executive Director of Institutional Equity and Student Conduct 1000 College Boulevard. Building 5, Pensacola, Florida 32504 (850) 484-1759
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