ACCT 102 - Practical Accounting II

5 CR

Covers accounting procedures for corporations and partnerships and analysis of financial statements. This course is for students pursuing an AAS and/or AAS-T in Applied Accounting at Bellevue College. The course will also qualify students for admission to the Bellevue College Bachelors in Applied Science in Accounting.

Prerequisite(s): ACCT 101 with a C or better, or ACCT 201 with a C or better, or entry code.

Course Outcomes

Account for bad debts, distinguish between different inventory-flow assumptions, and calculate cost of inventory.
Acquire, use, and dispose fixed assets in the accounting records.
Depreciate fixed assets, amortize intangible assets, and deplete natural resources.
Calculate bond premium and discount, while considering the time-value-of-money.
Distinguish between different types of corporate stock and dividends.
Construct a statement of cash flows using both direct and the indirect methods.
Infer and assess the liquidity, solvency, and profitability of a corporation using its financial statements.
Discuss the relationship of ethics to financial accounting.

GenEd Outcomes: Creative and Critical Thinking

Critical Thinking/Problem Solving
Quantitative/Symbolic Reasoning

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