Description:

Accounting II expands on what the student learns in Accounting I by focusing on corporate accounting. This course discusses how corporations are structured and formed, with an emphasis on corporate characteristics. Stocks, bonds, notes, purchase investments and analysis of financial statements are included, as well as an in-depth look at managerial accounting. Statements of cash flow, budgets, and budget management are also examined.

This is equivalent to a three credit Accounting II course at most colleges.

Goals:

After completing this course, students will be able to:

• Demonstrate knowledge of the accounting techniques used in corporations, including accounting for stock transactions.
• Discuss the various types of corporate investments, differentiating between influential and non-influential investments.
• Apply the tools of financial analysis to perform horizontal and vertical analysis.
• Calculate and interpret various financial ratios.
• Demonstrate knowledge of, and ability to prepare, a statement of cash flows.
• Define managerial accounting and understand the techniques used in cost accounting.
• Demonstrate the ability to prepare financial statements for a manufacturing company.
• Demonstrate knowledge of process cost accounting systems, including the use of equivalent units of production.
• Use various allocation methods to allocate overhead and indirect costs.
• Compute break-even and cost-revenue analysis values and understand how to interpret the results.
• Define a master budget and how it is used in a business.
• Discuss a flexible budget and the role of standard costs in the budgeting process.
• Describe a capital budget and discuss the role of the time value of money in the budgeting process.

Grading System:

StraighterLine does not apply letter grades. Students earn a score as a percentage of 100%. A passing percentage is 70% or higher.

If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.

There are a total of 916 points in the course.

School Description:

Featured in Business Week, Forbes and the New York Times, StraighterLine offers for credit, online college courses in math, writing, accounting, and economics -- required for all degrees -- for $99 per month + $39 per course.

These courses are:
• Accepted at thousands of colleges.
• Self-paced and can be started at any time.
• Supported by live, online tutoring up to 24/7.
• 100% online.