ACCT& 202 Principles of Accounting II • 5 Cr.


Presents basic concepts used in financial reporting and interpreting financial statements. Prerequisite: ACCT& 201 with a C or better or entry code.


After completing this class, students should be able to:

  • Describe the impact of basic investing and financing transactions on a business's financial position
  • Employ double-entry bookkeeping to record and report on basic business investing and financing transactions in an accounting system
  • Construct a report of a business's cash flows
  • Critically analyze a business's financial position, cash flows, and operational results
  • Employ time value of money theory in the analysis of long-term financial transactions
  • Demonstrate business communications skills through a variety of assessments such as team assignments, oral presentations, and written documents