Transcript title
Applied Accounting II
Credits
3
Grading mode
Standard letter grades
Total contact hours
30
Lecture hours
30
Prerequisites
BA 111.
Course Description
Continuation of Applied Accounting I. Provides a detailed study of the mechanical and theoretical aspects of the bookkeeping and accounting process as it relates to a merchandising business.
Course learning outcomes
1. Identify key accounting terms as they apply to merchandise industry enterprises.
2. Describe the entire accounting cycle process as it applies to merchandising enterprises.
3. Journalize business transactions, post to the general ledger, and create adjusting entries for merchandise industry enterprises.
4. Create and analyze classified financial statements as they apply to merchandising enterprises.
Content outline
- Sales/Cash Receipts
- Purchases/Cash Payments
- Special Journals
- Merchandise Inventory
- Adjustments Inventory
- Financial Statements Inventory
- Accounts Receivable/Bad Debts
- Notes Receivable/Payable Interest
- Long-term Assets (Fixed Assets)
Required materials
Required textbook, online access, and specified calculator.
