2021-2022 Pierce College Catalog 
    Feb 21, 2024  
2021-2022 Pierce College Catalog [ARCHIVED CATALOG]

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ACCT& 202 Principles of Accounting II (5 credits)

Distribution Area Fulfilled General Transfer Elective
Formerly BUS 220 - CCN

Prerequisite ACCT& 201  with a grade of at least 2.0.

Course Description
Second accounting course typically required of students transferring to a four-year school to obtain a bachelors degree in business administration. Covers partnerships, bonds, corporations, cash flow statements, and financial statement analysis.

Student Outcomes
1.Identify issues associated with accounting for short-term investments and receivables.
2.Analyze the various inventory methods and identify both income and tax effects
3.Classify the costs of long-term and intangible assets, and allocate these costs using depreciation/depletion/amortization
4.Explain accounting for current and contingent liabilities.
5.Evaluate transactions affecting stockholders’ equity and assess their impact on the financial statements.
6.Categorize bond and equity investments and assess their implications for corporate financing.
7.Discuss the importance of developing professional judgment, with an emphasis on how
it informs accounting for long-term assets and liabilities.
8.Prepare the Statement of Cash Flows and analyze its relationship with the Income
Statement and Balance Sheet.
9.Evaluate corporate annual reports using financial statement analysis.

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