Principles of accounting ii managerial accounting acct 23020009 please note. Further study of contemporary accounting practices, with an emphasis on financial and managerial accounting. Introduces the statement of cash flows and financial statement analysis. Principles of accounting ii accounting, taxation, and. Principles of accounting ii develops the concepts and procedures of financial accounting through the examination of accounting cash flow statements and financial statement analysis.
Candidates are required to give their answer in their own words as far as practicable. Distinguish managerial accounting from financial accounting 2. Model question 2077 2020 principles of accountingii. This is so that there is a common format that all accounting users of. Principles of accounting volume 2 managerial accounting open.
The goal is to identify and analyze business transactions, define the characteristics of business entities, identify the interdependency of financial statements. The accrual concept requires a business to show in its final accounts for the accounting period all expenditure that has been incurred in that period whether it has been paid or not. Acc 212 principles of accounting ii course outcomes at the completion of this course, the student should be able to. Mu cbe department of accounting and finance non sampling risk is the risk that audit tests do not uncover existing exceptions in the sample. This course is designed to elaborate on the principles, concepts, and procedures learned in accounting i. Principles of accounting i, principles of accounting ii alignment to national standards for business education. An introduction to the basic theory and techniques of contemporary financial accounting. Finance career cluster principles of accounting ii course. Pdf principles of accounts answers to x questions teacher. The students will study and work with payroll procedures, special journals, bad debts and depreciation, notes receivable and payable, accrued revenue and expenses, vouchers, partnerships and corporations.
Introduction 7 understanding costs 8 stock valuation marginal costing 141 stock valuation full costing 141. Acc 102 principles of accounting ii course master syllabus grades are based on the quality of work completed in meeting the requirements for a particular course, as stated in the course syllabus and catalog description. Course syllabus principles of accounting ii managerial. The auditors failure to recognize exception because of exhaustion, boredom, or lack of understanding of what to look for. Introduction 7 understanding costs 8 stock valuation marginal costing 141 stock valuation full costing 141 effects of different stock valuation methods 146 summary 148 sample examination questions 148 chapter 11.
Principles of accounting ii is the final course in the advanced accounting pathway in the finance cluster. Principles of accounting ii georgia department of education. Due to the comprehensive nature of the material, we are offering the book in two volumes. The study of the principles of accounting ii has as its objectives, to provide the student with an understanding of the concepts and procedures of managerial accounting, including. View acc291t course topics and additional information. The aim of the course is to introduce you to basic principles of accounting and to understand how financial documents are posted into accounting record in order to determine the profit or loss of an organisation. Acc 102 principles of accounting ii course master syllabus catalog description. Develop an appreciation of accounting as the language of business. The objective is to identify the fundamental principles of accounting, identify and analyze business transactions, prepare financial statements, and communicate this information to users with different needs. Accounting principles focus on the users of accounting information. Neb classgrade 11xi principles of accounting exam 20762019 was held on may 2019 jestha 2076. Analytical questions 2 x 7 marks 14 total 50 fi naall eexxammiinattioon ayy,22001155 22001166, ss eemmestteerr 11 course code. The emphasis con tinues to be on the application of generally acceptable accounting principles to the recording and reporting of finan.
Accounting ii this document was created with prince, a great. Principles of accounting i 124b neb class 11 question paper of the year 20762019. Gaap chapter chapter 127 128 generally standard standard setting user groups that influence generally accepted accepted accounting accounting principles principles setting business businessentities entities accounting standards standard setting in a political environment cpas cpasand and financial financial accounting accountingfirms firms. Acc 102 principles of accounting ii course master syllabus. Principles of accounting ii this course is designed to elaborate on the principles, concepts, and procedures learned in accounting i. Principles of accounting ii is a continuation of principles of accounting i with emphasis on accounting systems and controls, payroll systems, concepts and principles, partnership formation, income division and liquidation, corporation organization and operation, stockholders equity, earnings, and dividends, long term liabilities and. This book is specifically designed to appeal to both accounting and non accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across. It is the responsibility of accounting professionals, teachers and accounting organizations to keep accounting principles uptodate, relevant and useful. Basic accounting terms accounting principles accounting concepts and conventions chapter at aglance s. The incremental net cash flows that would be generated by the equipment are. Principles of accounting volume 2 managerial accounting. Pdf chapter 1 chapter 1 principles of accounting principles. Financial accounting is charged with the primary responsibility of external reporting.
Principles of accounting ii canadore college of applied arts and technology 3. The university of tennessee at chattanooga 1 principles of accounting ii fall 2017 acc 2020 crn 49012 section 7 facetoface credit hours 3 instructor. Syllabus acc 110 ba principles of accounting ii portal. Ba 212 principles of accounting ii portland community college. Students will apply analytical methods used by management to assess the financial statements, and discuss management challenges and possible solutions for. Amie haun, cpa, cma, cfe, emba email and phone number. Download in pdf classgrade 12xii neb principles of accounting ii question exam paper subject code224b 20762019. The fundamentals of management accounting are also introduced. Special measurement problems for partnerships and corporations. Analyze the relationship between ethics and the law and describe sources of the law, the structure of the court system, different.
The email address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by email. Principles of accounting meets scope and sequence requirements of a two semester accounting course that covers financial and managerial accounting. Please refer to the section instructional materials for. Financial reporting and concepts, financial analysis and the statement of cash flows, introduction to managerial accounting, cost. The most important is that the financial statements known as the final accounts must be drafted in the same way. Principles of accounting is designed to meet the scope and sequence requirements of a twosemester accounting course that covers the fundamentals of financial and managerial accounting. Principles of accounting ii is the final course in the advanced accounting pathway in the finance. Part 2 12th class pdf notes on principles of accounting. Principles of accounting ii old question paper 2073 2016. The rules and principles of accounting are commonly referred to as the conceptual. Department of accounting and finance course outline course title. It is a fundamental principle of accounting that requires accounting information to be free from bias and be verifiable by an independent party.
Acct 2200 principles of accounting ii managerial and cost accounting professor allen. Definition as per the definition of american institute of certified public accountants accounting is the art of recording, classifying and summarizing in a significant manner and. Candidates are required to give their answers in their own words as far as practicable. Financial reporting and concepts, financial analysis and the statement of cash flows, introduction to managerial accounting, costvolumeprofit and business scalability. Principles of accounting ii final exam accounting homework. Study principles of accounting ii from university of phoenix. Principles have developed over a long period of time, and are continuously subject to revision as information needs change. The users of information generated by financial accounting, like bankers, financial institutions, regulatory authorities, government, investors, etc. This is the second term of the traditional accounting principles sequence. Each of these accounts fall into one of five categories.
Accounting ii accounting for a departmentalized business accounting adjustments accounting cycle process for a. Chapter 1 chapter 1 principles of accounting principles of accounting uses of accounting information and the financial statements chapter 12. All emails from the system will be sent to this address. This is the second term of the traditional accounting principles. Check and download in pdf national examinations board neb exam paper of subject principles of accounting 124b of the year 20762019. Transaction involves transfer of money or moneys worth. Principles of accounting is designed to meet the scope and sequence. Part of the course covers accounting for manufacturing companies and managerial use of accounting data and reports for decision making. In this unit you will learn and discuss the concepts in accounting for.
Mekelle university college of business and economics. Accounting ii this document was created with prince, a. Principles of accounting ii accounting, taxation, and finance. It also includes practical treatment of accounting transactions conducted through the bank and how errors in accounting are treated. Develops the concepts and procedures of financial accounting through the examination of accounting cash flow statements and. You will be required to purchase this as a part of your participation in this course. Accounting standards are released by the fasb, they quickly become gerenally accepted accounting principles gaap pertaining.
Auditing principles and practices ii corse code acfn 3162 credit hour. This book is specifically designed to appeal to both accounting and non accounting majors, exposing students to the core concepts of accounting. Principles of accounting ii old question paper 2073. This course requires the use of the mcgrawhill connect functionality for homework and examination purposes. Basic accounting principles business environment 60 5 basic accounting principles 5. Principles of financial accounting accounting cycle service cash there are many items that businesses keep records of. Excessive absence may be considered sufficient cause. This course addresses partnership and corporation accounting, debt and stock investments, bonds and longterm liabilities, cash flow statements, financial statement analysis and managerial accounting. They are several assumptions concerned with the recording of transactions in the books.
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