CCOG for BA 212 Spring 2024

Course Number:
BA 212
Course Title:
Principles of Accounting II
Credit Hours:
Lecture Hours:
Lecture/Lab Hours:
Lab Hours:

Course Description

Continues the presentation of fundamental issues begun in BA 211. Introduces statement of cash flows and financial statement analysis. Prerequisites: BA 211, and (WR 115 and RD 115) or IRW 115 and MTH 20 or equivalent placement. Audit available.

Addendum to Course Description

This is the second term of the traditional accounting principles sequence. The course emphasis continues to be on the application of Generally Accepted Accounting Principles (GAAP) to the recording and reporting of financial information, the underlying theoretical foundations of accounting, and the analytical skills needed by business and accounting students.
An understanding of accounting is necessary to examine the performance and financial health of a business. For this reason, accounting is often referred to as the ‘language of business’. This course is the ideal way for students to acquire a valuable skill as well as begin to develop an appreciation of the role of accounting in the evaluation and management of a business. Accordingly, it is recommended as a course both for students interested in business generally, and for those planning a career in accounting.

Intended Outcomes for the course

Upon completion of the course students will be able to:

  • Use debit and credit accounting to record and adjust basic business transactions.
  • Prepare multi-step income statements, classified balance sheets, statements of retained earnings and statements of cash flows.
  • Demonstrate knowledge of each step in the accounting cycle. 
  • Use Generally Accepted Accounting Principles (GAAP) to record common business transactions involving long-term assets, investments, liabilities and stockholders' equity.
  • Use basic financial statement ratio analysis to evaluate financial performance.

Outcome Assessment Strategies

The objectives of assessment are a demonstrated mastery of accounting theory and procedures, to include the skills and competencies listed herein. Assessment methods may include the following:

  • Objective examinations such as multiple choice, short answer, etc.
  • Exercise and problem test items.
  • Problem assignments which demonstrate the application of appropriate accounting procedures.

Course Content (Themes, Concepts, Issues and Skills)

  • Costing plant assets
  • Depreciation
  • Disposals of plant assets
  • Intangible assets
  • Current liabilities
  • Bonds payable
  • Long-term notes payable
  • Corporation characteristics
  • Common and preferred stock
  • Treasury stock
  • Cash and stock dividends
  • Debt and stock investments
  • Valuation, reporting of security investments
  • Classification of cash flows
  • Cash flow statement preparation methods
  • Financial statement analysis
  • Irregular items


  • Record the acquisition, depreciation and disposal of plant assets
  • Explain the nature of natural resources and intangible assets and the methods of cost expiration
  • Explain the nature and types of current liabilities
  • Explain the nature, purpose and valuation of bonds payable
  • Account for bonds payable, to include the issuance, retirement and amortization of discounts and premiums
  • Demonstrate an understanding of the corporate form of organization
  • Account for common and preferred stock issuance
  • Account for cash dividends, and stock dividends
  • Account for the acquisition and re-issuance of treasury stock
  • Demonstrate the accounting and reporting for security investments, to include their acquisition, disposal and valuation
  • Demonstrate an understanding of the purpose, use, and preparation of the statement of cash flows
  • Use horizontal, vertical, and ratio analysis to evaluate financial strength and performance