Principles of Accounting II
amortization/depreciation of capital assets and intangibles; goodwill; accounting for various types of liabilities; accounting for corporations and investments; the statement of cash flows, analysis of financial statements; and an introduction to partnerships. Accounting principles will also be reviewed.
- Plant and equipment: acquisition, amortization/depreciation, disposals and exchanges.
- Intangible assets and natural resources: accounting and amortization; goodwill.
- Accounting for estimated liabilities and sales taxes.
- Accounting for long-term liabilities, including bonds, leases and long-term notes payable.
- Present value and time value of money.
- Organization of corporations and capital stock transactions.
- Dividends, retained earnings and corporate reporting.
- Earnings per share.
- Investments and international accounting.
- The statement of cash flows.
- Analysis of financial statements.
- Introduction to partnerships: formation characteristics, and income allocation.
Lecture and/or seminar.
All methods of instruction apply to in class, hybrid and/or online modes of learning.
The course evaluation is consistent with the Douglas College Evaluation Policy.
|Test(s) OR a second midterm examination||25%|
|Comprehensive final examination||35%|
Students must write both the midtern examination and the final examination to obtain credit for the course.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis. Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to:
- account for the acquisition, amortization/depreciation, disposals and exchanges of plant and equipment;
- account for the acquisition and amortization of intangible assets and natural resources;
- account for the acquisition and impairment of goodwill;
- identify various classes of liabilities and the accounting methods appropriate for each;
- calculate and record various corporate transactions;
- prepare a statement of cash flows;
- analyze financial information;
- explain the basics of partnerships and calculate the split of net income among partners;
- account for sales taxes.
Douglas College Custom Edition, Miller-Nobles, Mattison, et. al., Horngren's Accounting, volume 2, latest Canadian edition, Pearson Canada
Or other textbook(s) as approved by the Accounting Dept.
Instructor compiled materials (if applicable).
Faculty of Commerce and Business Administration approved calculators only.
ACCT 1110 with a grade of “C” or better
Courses listed here must be completed either prior to or simultaneously with this course:
- No corequisite courses
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
|Institution||Transfer Details for ACCT 1210|
|Acsenda School of Management (ASM)||ASM ACCT 311 (3)|
|Alexander College (ALEX)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = ALEX COMM 293 (3)|
|Athabasca University (AU)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = AU ACCT 253 (3)|
|BC Institute of Technology (BCIT)||BCIT FMGT 2105 (6.5)|
|Camosun College (CAMO)||CAMO ACCT 111 (3)|
|Capilano University (CAPU)||CAPU BFIN 142 (3)|
|Coast Mountain College (CMTN)||CMTN ACCT 151 (3)|
|College of the Rockies (COTR)||COTR ACCT 262 (3)|
|Columbia College (COLU)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = COLU ACCT 251 (3)|
|Coquitlam College (COQU)||COQU ACCT 102 (3)|
|Kwantlen Polytechnic University (KPU)||KPU ACCT 1210 (3)|
|Langara College (LANG)||LANG FMGT 1215 (3)|
|Nicola Valley Institute of Technology (NVIT)||NVIT BUSM 210 (3)|
|North Island College (NIC)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = NIC BUS 100 (3)|
|Okanagan College (OC)||OC BUAD 121 (3)|
|Simon Fraser University (SFU)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = SFU BUS 1XX (3) & SFU BUS 251 (3)|
|Thompson Rivers University (TRU)||TRU ACCT 2210 (3)|
|Trinity Western University (TWU)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) & DOUG ACCT 2320 (3) = TWU BUSI 121 (3) & TWU BUSI 222 (3) & TWU BUSI 2XX (3)|
|Trinity Western University (TWU)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = TWU BUSI 121 (3) & TWU BUSI 2XX (3)|
|Trinity Western University (TWU)||TWU BUSI 2XX (3)|
|University of British Columbia - Okanagan (UBCO)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCO MGMT 201 (3) & UBCO MGMT 2nd (3)|
|University of British Columbia - Okanagan (UBCO)||No credit|
|University of British Columbia - Vancouver (UBCV)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCV COMM 293 (3)|
|University of Northern BC (UNBC)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UNBC COMM 210 (3)|
|University of the Fraser Valley (UFV)||UFV BUS 144 (3)|
|University of Victoria (UVIC)||DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UVIC COM 202 (1.5) & UVIC COM 2XX (1.5)|
|University of Victoria (UVIC)||UVIC COM 2XX (1.5)|
|Vancouver Community College (VCC)||VCC ACCT 1045 (3)|
|Vancouver Island University (VIU)||VIU ACCT 201 (3)|