Business & Professional

Accounting II

Accounting principles are no longer just for bookkeepers, traditional accountants and tax experts. Indeed, accounting is one subject that crosses every industry and touches multiple roles within them. Whether already successful in business or looking to enter the field, this class in combination with Accounting I is a fantastic way to expand your skill set and ensure you’re ready for the next promotion. With so many professionals starting their own business or working in small and micro-sized businesses, a fundamental understanding of proper accounting principles is essential to any successful company. Building on the basics from Accounting I, this course give students the opportunity to apply the fundamentals of business accounting to interpret and prepare complex financial statements, actually preparing sophisticated financial statements, measure assets and liabilities and analyze balance sheets in a way that will produce healthy accounting strategies and practices for any business, no matter the size.

Accounting II focuses on both corporate and managerial accounting – a combination that is imperative to anyone who owns their own business, manages a business/division or seeking a new career and/or advancement in the accounting profession. Corporate formation and structure, budgets and financial analysis skills are useful for anyone looking to get ahead in business or in accounting generally. A continuation of Accounting 1, course topics include corporate accounting and financial statements, long-term liabilities, cash flow and financial statement analysis, managerial accounting, budgeting, and using financial data to make business decisions.

Upon completion of the course, the student will be able to:

  • Define terms related to business accounting
  • Apply a working knowledge of accounting concepts and principles
  • Demonstrate the ability to prepare and understand corporate financial statements
  • Analyze financial statements using various ratios and tools
  • Describe long-term liabilities
  • Examine concepts related to managerial accounting
  • Examine how managers use financial information to guide important decisions
  • Apply concepts related to managerial accounting
  • Prepare and analyze various types of budgets

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