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Jan 27, 2025
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2024-2025 Yavapai College Catalog
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ACC 132 - Principles of Accounting II  ACC 2202.
Description: Advanced U.S. GAAP rules and procedures of accrual accounting applied to the preparation and interpretation of general-purpose financial statements with an introduction to managerial accounting and decision-making.
Prerequisites: ACC 131
Credits: 3
Lecture: 3
Lab: 0
Course Content:
- Accounting for Managers
- Receivables and Bad Debts
- Merchandise Inventory and Cost of Goods Sold
- Long Term Assets
- Current liabilities and payroll accounting
- Long Term Liabilities
- Partnerships
- Corporations
- Statement of Cash Flows
- Financial Statement Analysis
- Ethics in business and accounting
- Sustainability Reporting: Environmental, Social, and Governance
Learning Outcomes:
- Perform advanced general ledger bookkeeping for partnerships. (7)
- Investigate general business and financial scenarios for ethical concerns. (1, 11, 12)
- Perform advanced general ledger bookkeeping for sole proprietorships, partnerships, and corporations. (2-8)
- Prepare and interpret advanced financial statements for sole proprietorships, partnerships, and corporations. (1, 9, 10, 11)
- Distinguish between Financial and Managerial Accounting and decision-making. (1, 10, 11, 12)
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