Curriculum Guideline

Principles of Accounting II

Effective Date:
Course Code
ACCT 1210
Principles of Accounting II
Commerce & Business Administration
Start Date
End Term
Semester Length
15 Weeks X 4 Hours per week = 60 Hours
Max Class Size
Contact Hours
Lecture: 4 Hours
Method Of Instruction
Methods Of Instruction

Lecture and/or online.

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.
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.
Means of Assessment
Assignments 15%
Midterm examination 25%
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.

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.


ACCT 1110 with a grade of “C” or better