Accounting 202: A Comprehensive Guide to Principles of Accounting II

Accounting 202, also known as Principles of Accounting II, is a crucial course for students pursuing a degree in accounting. This blog post will provide a comprehensive guide to help you understand the key concepts and techniques covered in Accounting 202.

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One of the most important aspects of Accounting 202 is understanding the structure and organization of the course. By familiarizing yourself with the course materials, handouts, and practice tests, you can effectively navigate through the content and excel in your studies.

Course Overview

Accounting 202 builds upon the foundational principles learned in Accounting 201. It delves deeper into advanced topics such as other transactions, transfers & journal entry, setting up/using/editing a recurring transaction, corrections & browsing transactions, and much more.

Key Topics Covered in Accounting 202

• Other Transactions
• Transfers & Journal Entry
• Setting Up/Using/Editing a Recurring Transaction
• Corrections & Browsing Transactions
• Change Year Filter & Sort
• Filter Tab
• Custom Account Groups Tab
• Group & Sort
• Columns Tab
• Fonts Tab
• Vendors/Payees
• Making Corrections
• Making a Correction That does not Require a Reversal
• Making a Correction that Requires a Reversal
• Mark a Bill as Paid in Outstanding Bills
• Manage Years
• Change to another existing Accounting Year
• Setup New Accounting Year
• View Accounting Year Information
• Recopy Chart of Accounts from prior Accounting Year
• Update Beginning Balances
• Close Accounting Year
• Convert to Non-Calendar Accounting Year
• Change from Non-Calendar Year to a Calendar Year
• Delete Unused Accounts
• Delete Accounting Years

Program and Credits

ACCT 202, also known as Accounting Principles II, is a key component of various accounting programs. It offers credits that count towards your degree and provides essential knowledge and skills required for a successful career in accounting.

Conclusion

Accounting 202 plays a vital role in shaping your understanding of advanced accounting principles and techniques. By mastering the concepts covered in this course, you will lay a strong foundation for a rewarding career in accounting.