ACC/291T - Principles of Accounting II
Course Description
This course takes an in-depth look at the key areas of the balance sheet mostly reviewed by management for decision making. Students will apply analytical methods used by management to assess the financial statements, and discuss management challenges and possible solutions for improvements. Areas of focus include receivables, plant assets, bonds, stocks, dividends and the statement of cash flows.
This undergraduate course is 5 weeks.
PLEASE NOTE:
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.
Course Objectives
Sales, A/R, and Cash Receipts
- Record sales transactions.
- Prepare a schedule of accounts receivable.
Purchases, A/P, and Cash Payments
- Prepare a schedule of accounts payable.
Cash
- Reconcile the monthly bank statement.
- Record adjusting entries required from the bank reconciliation.
Accruals and Deferrals
- Compute adjustments for accrued and prepaid expense items.
- Compute adjustments for accrued and deferred income items.
Financial Statements
- Prepare adjusting entries and the postclosing trial balance.
- Prepare the financial statements.
Disclaimers
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with an Enrollment Representative.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.