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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:

  • Account for bad debts, distinguish between different inventory-flow assumptions, and calculate cost of inventory.
  • Acquire, use, and dispose fixed assets in the accounting records.
  • Depreciate fixed assets, amortize intangible assets, and deplete natural resources.
  • Calculate bond premium and discount, while considering the time-value-of-money.
  • Distinguish between different types of corporate stock and dividends.
  • Construct a statement of cash flows using both direct and the indirect methods.
  • Infer and assess the liquidity, solvency, and profitability of a corporation using its financial statements.
  • 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