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Principles of Accounting II

Course Code: ACCT 1210
Faculty: Commerce & Business Administration
Department: Accounting
Credits: 3.0
Semester: 15 Weeks X 4 Hours per week = 60 Hours
Learning Format: Lecture, Hybrid
Typically Offered: Fall, Summer, Winter
course overview

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%

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.

course prerequisites

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

curriculum guidelines

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.

course schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.


If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.