Principles of Accounting II
Curriculum guideline
Lecture and/or online.
amortization/depreciation of capital assets and intangibles; goodwill; accounting for various types of liabilities; accounting for corporations and investments; the statement of cash flows, analysis of financial statements; and an introduction to partnerships. Accounting principles will also be reviewed.
- Plant and equipment: acquisition, amortization/depreciation, disposals and exchanges.
- Intangible assets and natural resources: accounting and amortization; goodwill.
- Accounting for estimated liabilities and sales taxes.
- Accounting for long-term liabilities, including bonds, leases and long-term notes payable.
- Present value and time value of money.
- Organization of corporations and capital stock transactions.
- Dividends, retained earnings and corporate reporting.
- Earnings per share.
- Investments and international accounting.
- The statement of cash flows.
- Analysis of financial statements.
- Introduction to partnerships: formation characteristics, and income allocation.
At the end of the course, the successful student should be able to:
- account for the acquisition, amortization/depreciation, disposals and exchanges of plant and equipment;
- account for the acquisition and amortization of intangible assets and natural resources;
- account for the acquisition and impairment of goodwill;
- identify various classes of liabilities and the accounting methods appropriate for each;
- calculate and record various corporate transactions;
- prepare a statement of cash flows;
- analyze financial information;
- explain the basics of partnerships and calculate the split of net income among partners;
- account for sales taxes.
| Assignments | 15% |
| Midterm examination | 25% |
| Test(s) OR a second midterm examination | 25% |
| Comprehensive final examination | 35% |
| 100% |
Students must write both the midtern examination and the final examination to obtain credit for the course.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
Douglas College Custom Edition, Miller-Nobles, Mattison, et. al., Horngren's Accounting, volume 2, latest Canadian edition, Pearson Canada
Or other textbook(s) as approved by the Accounting Dept.
Instructor compiled materials (if applicable).
Faculty of Commerce and Business Administration approved calculators only.
ACCT 1110 with a grade of “C” or better
Courses listed here must be completed either prior to or simultaneously with this course:
- No corequisite courses
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses