Department: Career and Technical Center—Accounting
Course Number: Y604
Course Title: Advanced Accounting 2
Prerequisites: Advanced Accounting 1
This is a year long course. Advanced Accounting 2 is recommended for all students planning to major in business administration in college. The accounting cycle is reviewed and expanded to include accounting principles used in departmental, automated, corporate, management, and cost accounting. Students will use automated accounting, spreadsheet and business simulations.
National Occupational Competency Testing Institute (NOCTI)
Goals and/or Objectives:
After completion of the course students will be able to:
Complete accounting records for a departmental merchandising business organized as a corporation..
Apply inventory planning and valuation.
Calculate and apply various depreciation methods to fixed assets.
Account for uncollectible accounts.
Account for notes payable, prepaid expenses, and accrued expenses.
Calculate present and future calculations to facilitate decision making.
To pass the course, the student must successfully complete homework assignments, simulations and written or on-line tests. Extra Credit opportunities may be given at the end of each chapter to be completed and handed in before the test is given.
Regular attendance is essential to your success in the class. In addition, research has shown a positive relationship exists between class attendance and academic achievement.