Course Outline - Business Administration Program: Year 1 ACCT 107 Accounting 2

Brief Course Description

Capital assets are discussed with reference to recording acquisition cost, amortization, exchanges and disposal. Short-term and long-term liabilities, partnerships, corporations, share capital, and the statement of cash flows/cash flow analysis are introduced and examined individually. Generally Accepted Accounting Principles are examined through-out the course, as they relate to the specific subject areas. As a final integration, the student will study the analysis of financial statements.

Course Prerequisites

Acct 106

Learning Objectives*

On completion of the Unit the candidate will be able to:
  1. Implement basic accounting procedures which enhance efficiency and internal control.
  2. Account for all major assets and liabilities, including their effect on net income.
  3. Appropriately record transactions and the effect of net income on owner's equity for proprietorships, partnerships, and corporations.
  4. Analyze financial statements in order to pinpoint apparent strengths and weaknesses in the firm's operations

Required course materials*

Larson, Jensen, and Dieckman, Fundamental Accounting Principles Volume 2, 2019, 16th Edition, McGraw Hill

Murnaghan, Tamsyn, Lyryx access code for homework and case studies, Lyryx

Course Duration

The Course Duration is 64 Hours

Homework Hours

Course Homework Hours will be 10 hours per week approximately.

Delivery Methods

Indicate how the course is delivered: X In-class instruction
  • Distance education
  • Combined delivery (both in-class and distance)

Teaching Methods*

Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand

Method(s) of Student Evaluation*

Type of Assessment Value
Assignments 40%
Exams 60%
Total 100%

Completion Requirements*

A Candidate has to attain a minimum score of 50% overall to ensure successful course completion