BU 105 Accounting II

(Managerial Accounting)

Instructor: Mark Yoshihara

Hours: 24

Meeting times: TBA

Credits hours: 2

Course description:

Methodology

Intermediate level of accounting focusing on accounting information systems.

Builds on BU 102 Accounting I and leads to BU 209 Advanced Accounting.

Lecture

In class problems and answers

Course outcomes:

Upon successful completion of this course students will have:

• Inventory valuation methods and their efforts on profits
• Capital assets and amortization methods
• Bank reconciliations, petty cash, cheque information 
• Payroll
• Accounts and Notes Receivable
• Liabilities including contingent liabilities

Topics:

Chapters:

6. Accounting for Merchandising Activities

7. Merchandise Inventory and Cost of Sales

8. Accounting Information Systems

9. Internal Control and Cash

10. Receivables and Temporary Investments

11. Payroll Liabilities

12. Capital Assets; Plant and Equipment, Natural Resources, and Intangible Assets

13. Current and Long-term Liabilities

Evaluation:

Attendance/participation 20%, quizzes 30%, final examination 50%

A requirement of 60% is to be achieved in all areas for Certificate/Diploma

Prerequisite courses or equivalent Knowledge:

BU 102 Introduction to Accounting

Resources used:

Financial Accounting Principles 10th edition: Larson, Jensen and Carroll; Volume 1, McGraw-Hill & Ryerson,

or

Fundamental Accounting Principles 11th Canadian edition, Volume 1 and 2 (two chapters only), McGraw-Hill & Ryerson