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ACCT 102 Practical Accounting II • 5 Cr.


Covers accounting procedures for corporations and partnerships and basic analysis of financial statements. Not recommended for students transferring to 4-year colleges. Prerequisite: ACCT 101 with a C or better, or entry code,


After completing this class, students should be able to:

  • Compute and record notes payable and notes receivable.
  • Record uncollectable accounts using different costing methods.
  • Apply Inventory valuation methods, record adjustments and purchases.
  • Identify and explain asset classifications.
  • Apply costing methods to record Property, Plant and Equipment.
  • Apply GAAP to Partnership and Corporate accounting.
  • Create, analyze and describe the Cash Flow Statement.
  • Report, analyze, and describe Financial Statements using financial ratios and percentages.
  • Identify, calculate and record corporate bonds.
  • Discuss the relationship of ethics to financial accounting.



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Contact info

Bellevue College
3000 Landerholm Circle SE Bellevue, WA 98007-6484 U.S.A.
Work: (425) 564-1000