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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:

Financial and Managerial Accounting
By Williams, Haka (McGraw Hill Education)
Fundamental Accounting Principles
By Wild, John J (McGraw Hill Education)
By Warren, Reeve, Duchac (Cengage Learning)
Course Learning Outcomes
  1. Implement the proper accounting procedures for liabilities.
  2. Describe the nature and purpose of corporations.
  3. Record transactions and prepare financial statements for a corporation.
  4. Analyze, evaluate and interpret financial statements for management purposes.
  5. Describe Job Order and Process Costing systems.
Major Topics/Skills to be Covered:
  • 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 the Columbia College Stafford Library.  You may access them using your CougarTrack login and password when prompted.

Prepared by: Tim Ireland Date: January 21, 2016
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 learning outcomes and cover the subjects listed in the Major Topics/Skills to be Covered section. 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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