Principles of Accounting II

Faculty
Child, Family & Community Studies
Department
Disability & Community Studies
Course Code
DACS 2320
Credits
3.00
Semester Length
15 Weeks X 4 Hours per week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Hybrid
Typically Offered
Fall
Summer
Winter
Campus
New Westminster
Online

Overview

Course Description
This course is a continuation of ACCT 1110 and will introduce the student to accounting for and
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.
Course Content
  1. Plant and equipment: acquisition, amortization/depreciation, disposals and exchanges.
  2. Intangible assets and natural resources: accounting and amortization; goodwill.
  3. Accounting for estimated liabilities and sales taxes.
  4. Accounting for long-term liabilities, including bonds, leases and long-term notes payable.
  5. Present value and time value of money.
  6. Organization of corporations and capital stock transactions.
  7. Dividends, retained earnings and corporate reporting.
  8. Earnings per share.
  9. Investments and international accounting.
  10. The statement of cash flows.
  11. Analysis of financial statements.
  12. Introduction to partnerships: formation characteristics, and income allocation.
Methods Of Instruction

Lecture and/or online.

Means of Assessment
Assignments 15%
Midterm examination 25%
Test(s) OR a second midterm examination 25%
Comprehensive final examination 35%
  100%

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.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. account for the acquisition, amortization/depreciation, disposals and exchanges of plant and equipment;
  2. account for the acquisition and amortization of intangible assets and natural resources;
  3. account for the acquisition and impairment of goodwill;
  4. identify various classes of liabilities and the accounting methods appropriate for each;
  5. calculate and record various corporate transactions;
  6. prepare a statement of cash flows;
  7. analyze financial information;
  8. explain the basics of partnerships and calculate the split of net income among partners;
  9. account for sales taxes.
Textbook Materials

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.

Requisites

Prerequisites

ACCT 1110 with a grade of “C” or better

Corequisites

Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

Requisite for

Course Guidelines

Course Transfers

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ACCT 101B (3) 2014/01/01 to -
Acsenda School of Management (ASM) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = ASM AC 2201 (3) 2006/01/01 to 2010/08/31
Acsenda School of Management (ASM) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = ASM ACCT 101A (3) 2010/09/01 to 2013/12/31
Alexander College (ALEX) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = ALEX COMM 293 (3) 2008/09/01 to -
Athabasca University (AU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = AU ACCT 253 (3) 2014/01/01 to -
Camosun College (CAMO) CAMO ACCT 111 (3) 2013/01/01 to -
Capilano University (CAPU) CAPU BFIN 142 (3) 2004/09/01 to -
Coast Mountain College (CMTN) CMTN ACCT 151 (3) 2016/09/01 to -
College of the Rockies (COTR) COTR ACCT 262 (3) 2014/01/01 to -
Columbia College (COLU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = COLU ACCT 251 (3) 2014/01/01 to -
Coquitlam College (COQU) COQU ACCT 102 (3) 2004/09/01 to -
Kwantlen Polytechnic University (KPU) KPU ACCT 1210 (3) 2004/09/01 to -
Langara College (LANG) LANG FMGT 1215 (3) 2004/09/01 to -
Nicola Valley Institute of Technology (NVIT) NVIT BUSM 210 (3) 2014/01/01 to -
North Island College (NIC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = NIC BUS 100 (3) 2014/01/01 to -
North Island College (NIC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = NIC BUS 100 (3) 2014/01/01 to -
Simon Fraser University (SFU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = SFU BUS 1XX (3) & SFU BUS 251 (3), Q 2014/01/01 to -
Simon Fraser University (SFU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = SFU BUS 1XX (3) & SFU BUS 251 (3), Q 2014/01/01 to -
Simon Fraser University (SFU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = SFU BUS 251 (3), Q 2004/09/01 to 2013/12/31
Simon Fraser University (SFU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = SFU BUS 251 (3), Q 2004/09/01 to 2013/12/31
Thompson Rivers University (TRU) TRU ACCT 1220 (3) 2010/09/01 to 2014/08/31
Thompson Rivers University (TRU) TRU ACCT 122 (3) 2004/09/01 to 2010/08/31
Trinity Western University (TWU) TWU BUSI 2XX (3); DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = TWU BUSI 121 (3) & TWU BUSI 2XX (3), waives TWU BUSI 222 (3); DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) & DOUG ACCT 2320 (3) = TWU BUSI 121 (3) & TWU BUSI 222 (3) & TWU BUSI 2XX (3), waives TWU BUSI 323 (3), does not count towards Specialization or Upper Level. 2020/01/01 to -
Trinity Western University (TWU) TWU BUSI 222 (3) 2004/09/01 to 2019/12/31
Trinity Western University (TWU) TWU BUSI 2XX (3) 2020/01/01 to -
University Canada West (UCW) UCW ACCT 103 (3) 2013/09/01 to -
University of British Columbia - Okanagan (UBCO) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCO MGMT 1st (3) 2004/09/01 to -
University of British Columbia - Okanagan (UBCO) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCO MGMT 1st (3) 2004/09/01 to 2017/08/31
University of British Columbia - Okanagan (UBCO) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCO MGMT 1st (3) 2004/09/01 to -
University of British Columbia - Okanagan (UBCO) No credit; DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCO MGMT 201 (3) & UBCO MGMT 2nd (3) 2017/09/01 to -
University of British Columbia - Vancouver (UBCV) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCV COMM 293 (3) 2004/09/01 to -
University of British Columbia - Vancouver (UBCV) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UBCV COMM 293 (3) 2004/09/01 to -
University of Northern BC (UNBC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UNBC COMM 210 (3) 2004/09/01 to -
University of Northern BC (UNBC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UNBC COMM 210 (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV BUS 144 (3) 2004/09/01 to -
University of Victoria (UVIC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UVIC COM 270 (1.5) & UVIC COM 2XX (1.5) 2014/01/01 to 2019/04/30
University of Victoria (UVIC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UVIC COM 270 (1.5) 2004/09/01 to 2013/12/31
University of Victoria (UVIC) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) = UVIC COM 202 (1.5) & UVIC COM 2XX (1.5) 2019/05/01 to -
University of Victoria (UVIC) UVIC COM 2XX (1.5) 2004/09/01 to -
Vancouver Island University (VIU) VIU ACCT 201 (3) 2004/09/01 to -

Course Offerings

Fall 2020

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
32005
Tue
Lee
Barbara
Full
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
35
0
100
Days
Building
Room
Time
Tue
12:30
-
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
33308
Mon
Lung
A. A. Giana
Waitlist
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
35
0
95
Days
Building
Room
Time
Mon
18:30
-
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34128
Thu
Lung
A. A. Giana
Waitlist
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
35
0
96
Days
Building
Room
Time
Thu
12:30
-
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34935
Fri
Lee
Barbara
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
19
0
100
Days
Building
Room
Time
Fri
11:30
-
14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36597
Fri
Tang
Selina
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
33
0
100
Days
Building
Room
Time
Fri
8:30
-
11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36599
Mon
Lee
Barbara
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
26
0
100
Days
Building
Room
Time
Mon
11:30
-
14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36600
Wed
Lee
Barbara
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
23
0
100
Days
Building
Room
Time
Wed
12:30
-
15:20