Course Details
Course Details
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Course Details

Blue Ridge Community College

ACC212: Principles of Accounting II

Introduces accounting principles with respect to cost and managerial accounting. Focuses on the application of accounting information with respect to product costing, as well as its use within the organization to provide direction and to judge performance.

Overview
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Delivery Method
Online
Online
Delivery Method
Campus
Campus
Delivery Method
Hybrid
Hybrid
Credits
3.0
Estimate
Department
Accounting
Learning Outcomes
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  • Distinguish managerial accounting from financial accounting
  • Describe the various cost classifications
  • Explain manufacturing in JIT environment
  • Explain manufacturing costs
  • Record the flow of manufacturing costs in job order and process cost accounting systems
  • Calculate pre-determined overhead rates and over and under applied overhead
  • Assign costs to cost pools
  • Calculate activity rates for cost pools
  • Assign overhead to cost objects using activity rates
  • Estimate fixed and variable costs using appropriate methods
  • Compute unit cost under both absorption and variable costing
  • Reconcile income between variable and absorption costing methods
  • Perform cost-volume-profit analysis
  • Explain the significance of Operating Leverage
  • Prepare departmental and segmented income statement
  • Evaluate investment center performance
  • Describe the balanced scorecard approach
  • Describe the budgeting process and the benefits it provides
  • Prepare a master budget
  • Prepare a flexible budget
  • Explain the use and development of standard costs
  • Calculate direct material, direct labor and manufacturing overhead variances
  • Describe relevant costs that are helpful in decision-making
  • Prepare analyses of manufacturing decisions such as make or buy, special orders, sell or process further, retain or eliminate a product or service
  • Explain the Theory of Constraints in relationship to limited resources
  • Evaluate capital investment proposals by using accounting rate of return, payback method, net present value, internal rate of return and profitability index


Where Will This Course Transfer?
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Institution Identifier Name Notes Level
Southwest Virginia Community College ACC212Principles of Accounting II2-Year
Central Virginia Community CollegeACC212Principles of Accounting II2-Year
Longwood University ACCT242Principles of Accounting II4-Year
Longwood University ACCT2XXAccounting Elective4-Year
J Sargeant Reynolds Community CollegeACC212Principles of Accounting II2-Year
Virginia Western Community CollegeACC212Principles of Accounting II2-Year
Rappahannock Community CollegeACC212Principles of Accounting II2-Year
Paul D. Camp Community CollegeACC212Principles of Accounting II2-Year
Northern Virginia Community CollegeACC212Principles of Accounting II2-Year
Eastern Shore Community CollegeACC212Principles of Accounting II2-Year
Virginia Commonwealth UniversityACCT204INTRODUCTION TO ACCOUNTING IIStudents will earn the same number of transfer credits (semester hours) as the course taken. (3-4 cr)4-Year
Mountain Empire Community CollegeACC212Principles of Accounting II2-Year
Danville Community CollegeACC212Principles of Accounting II2-Year
John Tyler Community CollegeACC212Principles of Accounting II2-Year
Patrick & Henry Community CollegeACC212Principles of Accounting II2-Year
Radford UniversityACTG212Fund of Managerial Accounting4-Year
Wytheville Community CollegeACC212Principles of Accounting II2-Year
University of Mary WashingtonACCT102Principles of Accounting II4-Year
Thomas Nelson Community CollegeACC212Principles of Accounting II2-Year
Germanna Community CollegeACC212Principles of Accounting II2-Year
New River Community CollegeACC212Principles of Accounting II2-Year
Dabney S. Lancaster Community CollegeACC212Principles of Accounting II2-Year
The University of Virginia's College at WiseACC2020PRINCIPLES OF ACCOUNTING II4-Year
Southside Virginia Community CollegeACC212Principles of Accounting II2-Year
Piedmont Virginia Community CollegeACC212Principles of Accounting II2-Year
William & MaryBUAD203Principles of AccountingACC 211 and 212 must be taken to earn credit at W&M.4-Year
William & MaryBUAD2XXTransfer Elective CourseACC 211 and 212 must be taken to earn credit at W&M.4-Year
Tidewater Community CollegeACC212Principles of Accounting II2-Year
Lord Fairfax Community CollegeACC212Principles of Accounting II2-Year
Eastern Mennonite UniversityACTG222Managerial Accounting4-Year
Virginia Highlands Community CollegeACC212Principles of Accounting II2-Year
Old Dominion UniversityACCT202PRIN OF MANAGERIAL ACCOUNTING4-Year
Richard Bland College of William & MaryBUS202Principles of Accounting II2-Year
Christopher Newport UniversityACCT202Prin of Account II: Managerial4-Year
James Madison UniversityCOB242MANAGERIAL ACCOUNTINGThis course is not transferable for current JMU students.4-Year