ACCT& 202 - Prin of Accounting II

1. Record transactions for the purchase, allocation of depreciation, and disposal of long-lived assets.
2. Record investment transactions for both debt and equity securities.
3. Journalize transactions for incurring and paying current and long-term liabilities.
4. Record basic payroll transactions based on the calculation of employee earnings/withholdings and employer payroll taxes.
5. Record transactions involving stockholders’ equity accounts.
6. Prepare the Statement of Cash Flows.
7. Evaluate business performance using financial statement analysis techniques.

1. Accounting for the cost of property, plant, and equipment from purchase through disposal including the calculation of depreciation using common depreciation methods
2. Accounting for natural resources and their depletion and intangible assets and their amortization
3. Procedures for reporting current liabilities including determinable, estimated, and contingent liabilities
4. Procedures for calculating and recording payroll transactions
5. Accounting procedures for reporting debt and equity security investments
6. Accounting for long-term liabilities such as notes payable, mortgages payable, and bonds payable including the calculation of interest
7. Transactions impacting stockholders’ equity accounts including issuing stock, buying and selling treasury stock, and issuing cash and stock dividends
8. Identification of operating, investing, and financing activities used to prepare the Statement of Cash Flows
9. Financial statement analysis techniques including horizontal, vertical, trend, and ratio analysis
10. The use of special accounting journals and subsidiary ledgers to record transactions
11. Ethics in accounting