Accounting Principles II
Credits: 3 Credits (126 Clock Hours)
Self-paced: 4-month completion deadline.
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Journey further into the nuanced language of the business realm with the second installment of the Accounting Principles course. As a natural continuation, this segment amplifies students' comprehension of vital business terminology and concepts pivotal to informed decision-making. By emphasizing the methodology behind preparing accounting data, students are primed to navigate managerial decisions rooted in concrete financial narratives. Our Accounting Principles II course adopts a real-world approach, employing actual annual reports from established corporations to breathe life into the abstract accounting principles.
What you'll learn:
- Differentiate between the intricacies of process and job costing systems.
- Delve into activity-based costing and appreciate its profound advantages for diverse business models.
- Decode the interplay between costs, volume, revenue, and the resultant profits.
- Grasp the essence of differential analysis and its integral components.
- Evaluate the merits and limitations inherent to the usage of standard costs.
- Get acquainted with responsibility accounting and its pivotal role within a commercial organization.
- Efficiently compute return on investment, margin, and turnover metrics for specific segments.
- Ascertain the net cash inflows associated with both asset additions and their replacements.
- Implement the allowance method to account for potential uncollectible accounts receivable.
- Analyze the impact of investing in working capital when assessing a project's viability.
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Courses are self-paced and supported by qualified faculty. Students work on their reading, assignments, and quizzes on their own time. This flexibility allows students to study while navigating the rest of their busy lives. Our courses and programs have completion deadlines, but beyond that, students can complete the work on their own schedule. Instructors are always available for questions and support. Students are not required to attend any scheduled class meetings.
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Advance your education with an accredited certificate program from Washington Technical Institute (WTI). WTI is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning.
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Washington Technical Institute is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning.