Upon completion of this course, the student will be able to interpret and modify financial statements and perform basic accounting for corporations, for managerial accounting of costs, and for planning and controlling business operations. Prerequisite: ACCT-111. (3 hours weekly)
Prerequisites ACCT 111
Fees This course has fees totaling $30.00.
Instructor Dorothea Malloy CPA CGMA
Overall Course Objectives
Upon completion of this course, you will be able to:
1. Successfully record and analyze information for the corporate form of business, including the
financial statements, and perform the computation of book value and earnings per share.
2. Account for and analyze effects of the issuance of liabilities, and investing, and apply
the appropriate accounting concepts, principles, and procedures.
3. Calculate and interpret financial statements including the cash flows statement and by using ratios
and comparative financial data.
4. Compare and contrast financial and managerial accounting.
Major Course Topics
1. Corporations: Organization and Equity
2. Corporations: Operations and Additional Equity Transactions
3. Long-Term Liabilities
5. Statement of Cash Flows
6. Analysis and Interpretation of Financial Statements
7. Management Accounting and Accounting for Manufacturing Operations
8. Cost Accounting Systems
9. Cost-Volume-Profit Analysis
11. Standard Costing and Variances
12. Capital Investment Decisions
The course format includes but is not limited to the following:
Thies course does not have a face-to-face orientation
Texts and Materials
Accounting 9e by Charles T. Horngren, Walter T. Harrison Jr. and M. Suzanne Oliver. ISBN 9780132569057
MyAccountingLab Online Course materials are required for this course. A student access kit is included in all books purchased from the HCC bookstore. Student Access kit and on line text may be purchased separately directly from the publisher. http://www.mypearsonstore.com/bookstore/product.asp?isbn=0132569310
Three semester exams will be given during the term. The final exam will be given during final exam week. Students are expected to take all exams at the Howard Community College Test Center on campus