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Master Syllabus

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Administrative Unit: Business Administration Department
Course Prefix and Number: ACCT 281
Course Title: Accounting II (Managerial)
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog Description: Application of procedures relating to transactions affecting corporations. Interpretation of financial statements for managerial purposes is emphasized. Prerequisite: ACCT 280 (grade of C or higher in ACCT 280 is highly recommended).
Prerequisite(s) / Corequisite(s): ACCT 280; a grade of C or higher in ACCT 280 is highly recommended.
Course Rotation for Day Program: Offered Fall and Spring.
Text(s): Most current editions of the following:

Principles of Accounting
By Warren, Carl S., Philip E. Fess, and Jonathan Duchac (South-Western Publishing)
Financial and Managerial Accounting
By Williams, Jan R., Susan F. Haka, Mark S. Bettner, and Joseph Carcello (Irwin/McGraw-Hill)
Principles of Accounting
By Needles, Belverd D., Marian Powers, Sherry K. Mills, and Henry Anderson (Houghton Mifflin)
Course Objectives
  • To understand the accounting cycle and financial statements (balance sheet, income statement and owners equity) for partnerships and corporations; and to interpret financial statements for management purposes.
    Measurable Learning
  • Analyze, evaluate and interpret the accounting cycle and financial statements (balance sheet, income statement, owners equity) for partnerships and corporations.
  • Analyze, evaluate and interpret financial statements for management purposes.
    Topical Outline: Every Business Administration course includes a written and oral presentation component.
  • Partnership formation, income division and liquidation
  • Contributed capital
  • Retained earnings and corporate income statements
  • Long-term liabilities
  • The statement of cash flows
  • Financial statement analysis
  • Intercompany investments
  • Introduction to management accounting
  • Product costing: Job order system
  • Product costing: Process cost system
  • Cost planning and control tools

    Recommended maximum class size for this course: 30

    Library Resources:

    Online databases are available at You may access them from off-campus using your CougarTrack login and password when prompted.

    Prepared by: Tim Ireland Date: April 16, 2013
    NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.

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