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<<< click here to get back to the BACHELOR OF BUSINESS ADMINISTRATION (B.B.A.)
ACT 201 Principals of Accounting
The course will explore and examine the operations of an accounting system. You will experience how to analysis financial transactions and assess their impact on the firms financial position and operational success. This constant application of the "language of business" will serve to strengthen your decision-making skills. Principles of Accounting is a study of Accounting for Corporations, Investments and Long Term Liabilities, Interpretation and Analysis of Financial Statements and Managerial Accounting for Costs, Planning and Control of Business Operations. It also reviews in a variety of ways, concepts learned in Principles of Accounting I.
The following are acceptable topics for this course:
- Prepare entries for corporate organization and equity.
- Prepare entries for unique corporate operations and special equity transactions and prepare book value and earnings per share computations.
- Account for the issuance of bonds.
- Account for investments in corporate securities.
- Measure cash flow.
- Analyze and interpret financial statements.
- Account for manufacturing operations, job order and process costing
- Analyze using cost volume profit analysis and cost behavior.
- Prepare budgets and flexible budgets.
- Evaluate standard costs and prepare variance analysis.
- Recognize relevant information, perform incremental analysis, and capital budgeting.
Recommended Text(s)
Needles/Powers/Anderson. Principles of Accounting, LATEST EDITION.
Houghton Mifflin Company.
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