Financial Accounting II

Course packs made of openly licensed course materials for educators to use, customize, and share for free. They are collaboratively designed by subject matter experts, instructors, and instructional designers.

Description

The following topics are covered in the workbook: Property, Plant, and Equipment and Intangibles; Current Liabilities; Partnerships; Organization and Operation of Corporations; Corporate Reporting: Profit, Earnings Per Share, and Retained Earnings; Bonds and Long-Term Notes Payable; Accounting for Debt and Share Investments; Reporting and Analyzing Cash flows; Analyzing Financial Statements.

Some supplementary materials, such as test banks and instructor manuals, for open courses in the B.C. OER Collection are restricted to instructors. If you are an instructor who is using or evaluating an open course and would like to access faculty-only material, please email projects@bccampus.ca using your institutional email address to help us verify that you are an instructor.

Note: Each instructor request is vetted before material is provided. Faculty members who receive these materials are asked to not post them publicly or share them with students.

Accessibility Statement: The audio in the provided tutorial videos does not always provide a description of what is being displayed.

Learning Outcomes

  • Determine the cost of long-term assets and compute depreciation;
  • Define and record current liabilities including notes payable;
  • Account for long-term liabilities including the issuance, amortization and retirement of bonds;
  • Describe the nature and issuance of capital stock;
  • Compute earnings per share - both basic and fully diluted earnings per share;
  • Account for cash and stock dividends, and discuss stock splits;
  • Prepare a statement of retained earnings;
  • Describe and account for partnerships;
  • Develop and analyze cash flow statements for different users;
  • Prepare a statement of changes in financial position;
  • Explain the nature and purpose of independent audits of financial statements, and discuss the crucial role of professional judgment in the financial reporting process;
  • Describe and account for debt and share investments.

Course Materials

  • Financial Accounting II - Property, Plant, and Equipment - Straight Line Depreciation
  • Financial Accounting II - Property, Plant, and Equipment - Units of Production
  • Financial Accounting II - Property, Plant, and Equipment - Double Declining Balance
  • Financial Accounting II - Property, Plant, and Equipment - Disposal of PPE
  • Financial Accounting II - Property, Plant, and Equipment - Revised Depreciation 1
  • Financial Accounting II - Property, Plant, and Equipment - Revised Depreciation 2
  • Financial Accounting II - Property, Plant, and Equipment - Correction on previous file
  • Financial Accounting II - Property, Plant, and Equipment - Review
  • Financial Accounting II - Assignment 1: Property, Plant, and Equipment

  • Financial Accounting II - Current Liabilities - Current Liabilities 1
  • Financial Accounting II - Current Liabilities - Current Liabilities 2
  • Financial Accounting II - Current Liabilities - Classified Balance Sheet
  • Financial Accounting II - Current Liabilities - Estimated Warranties
  • Financial Accounting II - Assignment 2: Current Liabilities

  • Financial Accounting II - Partnerships - Profit Distribution
  • Financial Accounting II - Partnerships - Changes in Equity and Journal Entries
  • Financial Accounting II - Partnerships - Entry of New Partner
  • Financial Accounting II - Partnerships - Withdrawal of Partner
  • Financial Accounting II - Partnerships - Dissolution of Partnership
  • Financial Accounting II - Assignment 3: Partnerships

  • Financial Accounting II - Organization and Operation of Corporations - Cash Dividends
  • Financial Accounting II - Organization and Operation of Corporations - Share Transactions and Equity
  • Financial Accounting II - Organization and Operation of Corporations - Dividends and Share Transactions
  • Financial Accounting II - Assignment 4: Organization and Operation of Corporations

  • Financial Accounting II - Corporate Reporting - Share Dividends
  • Financial Accounting II - Corporate Reporting - Share Repurchase
  • Financial Accounting II - Corporate Reporting - Weighted Average and EPS 1
  • Financial Accounting II - Corporate Reporting - Weighted Average and EPS 2
  • Financial Accounting II - Assignment 5: Corporate Reporting

  • Financial Accounting II - Bonds and Long-Term Notes Payable - Bond Amortization Table
  • Financial Accounting II - Bonds and Long-Term Notes Payable - Journal Entries
  • Financial Accounting II - Bonds and Long-Term Notes Payable - Balance Sheet
  • Financial Accounting II - Bonds and Long-Term Notes Payable - Discount and Amortization
  • Financial Accounting II - Bonds and Long-Term Notes Payable - Discount Table and Journal Entries
  • Financial Accounting II - Assignment 6: Bonds and Long-Term Notes Payable

  • Financial Accounting II - Accounting for Debt and Share Investments - Transactions 1
  • Financial Accounting II - Accounting for Debt and Share Investments - Transactions 2
  • Financial Accounting II - Accounting for Debt and Share Investments - Balance Sheet
  • Financial Accounting II - Accounting for Debt and Share Investments - Strategic Investment Journal Entries
  • Financial Accounting II - Accounting for Debt and Share Investments - Carrying Value and Equity Change
  • Financial Accounting II - Accounting for Debt and Share Investments - Strategic Investment Transactions
  • Financial Accounting II - Assignment 7: Accounting for Debt and Share Investments

  • Financial Accounting II - Reporting and Analyzing Cash Flows - Cash flow statements - indirect method
  • Financial Accounting II - Reporting and Analyzing Cash Flows - Cash flow statements - direct method
  • Financial Accounting II - Assignment 8: Reporting and Analyzing Cash Flows

  • Financial Accounting II - Analyzing Financial Statements - Ratios 1
  • Financial Accounting II - Analyzing Financial Statements - Ratios 2
  • Financial Accounting II - Analyzing Financial Statements - Ratios 3
  • Financial Accounting II - Analyzing Financial Statements - Ratio Analysis
  • Financial Accounting II - Assignment 9: Analyzing Financial Statements