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Course Description

Schoolcraft is excited to offer traditional credit face-to-face, hybrid, online, and remote classes. We are committed to providing students a safe experience based on recent COVID-19 concerns.

Please see the COVID-19 web page to learn more. Keep checking the schedule for additions on our New, Added, and Late Starting Courses web page.

Accounting - ACCT 202

Principles of Accounting 2

4 Credit Hours
4 Lecture Hours

Course Description

This course is a continuation of Accounting 201 expanding your exposure to accounting principles, financial statements, methods and applications. In this course you will focus on accounting for corporations, stockholder’'s equity, liabilities and investments. You will prepare the statement of cash flows. You will analyze and interpret financial statements and other accounting information used in making decisions. You will also explore managerial accounting and its applications in planning and controlling costs. This course will integrate a Web-based learning system which requires the use of a computer to complete some of the learning activities and assessments. This course MAY also include the use of Excel.


(A requirement that must be completed before taking this course.)

Course Competencies

Upon successful completion of the course, the student should be able to:

  • Apply current accounting principles to stockholder's equity.
  • Apply current accounting principles to investments.
  • Apply current accounting principles to long term liabilities.
  • Prepare financial statements for a corporation.
  • Prepare cash flows from operating activities using the indirect method.
  • Evaluate the financial performance of a business.
  • Apply basic management accounting methods to a manufacturing or services business.
  • Apply proper accounting concepts to facilitate decision making.
  • Explain the importance of ethics in accounting.
  • Prepare a cost of goods manufactured report.
  • Prepare process costing production reports.
  • Analyze cost behaviors.
  • Determine the breakeven point in units and sales dollars.
  • Prepare budgets.

Course Schedule

 CourseSectionCourse TitleLocationCredit HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2021; ACCOUNTING; No of Weeks : 12; Begins : 09/21/2021

 202142760Principles ACCT 2ONL4Hill M9/31/0Open$12.00 

Fall; 2021; ACCOUNTING; No of Weeks : 15; Begins : 08/30/2021

 202142368Principles ACCT 2ONL4Mellnick G6/31/0Open$12.00 
 202142507Principles ACCT 2MC4Brewer J23/30/0Open$12.00T R  10:00 AM-11:54 AM AS920
 202142511Principles ACCT 2RMT4Cameron D15/30/0Open$12.00M W  12:00 PM-01:54 PM WEBWEB
 202142512Principles ACCT 2RMT4Staff26/30/0Open$12.00M W  10:00 AM-11:54 AM WEBWEB
 202246052Principles ACCT 2RMT4Urso R16/30/0Open$12.00M  05:30 PM-09:24 PM WEBWEB

Winter; 2022; ACCOUNTING; No of Weeks : 12; Begins : 01/31/2022

 202112398Principles ACCT 2ONL4Randall M14/31/0Open$12.00 

Winter; 2022; ACCOUNTING; No of Weeks : 15; Begins : 01/10/2022

 202112368Principles ACCT 2ONL4Randall M0/31/0Closed$12.00 
 202112381Principles ACCT 2ONL4Randall M10/31/0Open$12.00 
 202112502Principles ACCT 2MC4Staff23/30/0Open$12.00M W  10:00 AM-11:54 AM HS720
 202112513Principles ACCT 2MC4Randall M25/30/0Open$12.00T R  12:30 PM-02:24 PM HS720
 202112557Principles ACCT 2MC4Urso R22/30/0Open$12.00M W  07:30 PM-09:24 PM HS720

Key: Day of the Week

  • T = Tuesday
  • R = Thursday
  • S = Saturday
  • X = Sunday