This course will continue to build upon the skills you have learned in Principles of Accounting I. It will explore the more complex areas of stockholder’s equity, accounting for Bonds, financial statement analysis, and introduce the area known as managerial accounting. The skills you learn from this course will serve as the foundation for numerous accounting and business courses that will follow. The accounting profession and those working in the business environment use the terms and accounting principles introduced in this course. You will be required to solve problems both manually and with the use of a microcomputer. 

Prerequisite: ACC 211

If you do well in this course, you will be able to:

• Understand the methodologies used in accounting for the organization of a corporation.
• Record stock dividends and cash dividends and distinguish between the two.
• Understand the basic accounting for the issuance of corporate bonds.
• Prepare basic financial statement analysis.
• Allocate joint costs among user departments.
• Understand the principles of cost-volume-profit analysis.
• Understand the basics of master and flexible budgets.
• Apply and understand accounting theory and techniques in order to pursue further study in accounting or to improve one's ability to manage personal finances.
• Use a computerized accounting software to record transactions and prepare financial statements.

The required textbook for this course is:

Fundamental Accounting Principles (2009) , Volume II (Chapters 12-25), 19th ed. with Homework Manager Access Card.
ISBN: 0078066492 (Tthis ISBN includes access to Homework Manager.)

Optional:

• Study Guide with Solutions, Volume II, 19th ed.

For information on how to order your textbooks, go to http://eli.nvcc.edu/books

Additional Materials

This course includes a series of video programs, which may be accessed in several ways.  For details, see the ELI Telecourse Broadcast Schedule.

Your course grade will be determined by the unit assignments and 4 exams, according to the following points:

There are four (4) online proctored exams in this course. You are expected to take your examinations at one of the NVCC campus Testing Centers. Be sure to allow enough time to complete your exam before the Testing Center closes; Testing Centers have specific policies relating to the administration of ELI exams. You will need to take a photo ID, your NovaConnect empl ID number, and the appropriate Exam Pass when you go to the Testing Center.  

For Testing Center locations, hours of operation and policies, click here.

For information on taking exams outside of the metropolitan area, click here.

This is an Extended Learning Institute (ELI) course. ELI courses differ from campus courses in several important ways, including enrollment dates, communication with faculty, assignment completion requirements, and exams. You must follow ELI's policies and procedures if you take this course. Read (or review) ELI's Policies and Procedures before you begin the course. If you have questions, call ELI at (703) 323-3347 or (888) 435-6822.

I am here to help you succeed in this course. Occasionally questions or problems may arise. Here is how to contact me when they do:

E-mail : jgale@nvcc.edu,
Telephone : (703) 845-6537
You may also call me to schedule a meeting in person. 

1. Use your web browser to connect to http://www.nvcc.edu/bbstart. Follow the directions to determine your email, Blackboard and VIVA account user names and passwords.
2. Access your email account and make sure you know how to use it; you will be required to use this account for all course-related email.
3. Log on to Blackboard at http://learn.vccs.edu.
4. Click on this course under "My Courses." Review the entire course to make sure you understand what will be required of you. Then start completing the assignments.

Please note that account generation takes approximately one week from the time of your paid registration. If you cannot log on after one week, contact the IT Help Desk. If you can log on to Blackboard, but your course isn't listed, please contact ELI or your instructor.