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"Degrees & Programs"


Principles of Accounting II




Estimated Tuition


Total credits


Course length

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Course level: Undergraduate

This course takes an in-depth look at the key areas of the balance sheet mostly reviewed by management for decision making. Students will apply analytical methods used by management to assess the financial statements, and discuss management challenges and possible solutions for improvements. Areas of focus include receivables, plant assets, bonds, stocks, dividends and the statement of cash flows.


ACC/290T - Principles of Accounting I or equivalent

What you'll learn

Course skills and outcomes

Sales, A/R, and Cash Receipts

  • Record sales transactions.
  • Prepare a schedule of accounts receivable.

Purchases, A/P, and Cash Payments

  • Prepare a schedule of accounts payable.


  • Reconcile the monthly bank statement.
  • Record adjusting entries required from the bank reconciliation.

Accruals and Deferrals

  • Compute adjustments for accrued and prepaid expense items.
  • Compute adjustments for accrued and deferred income items.

Financial Statements

  • Prepare adjusting entries and the postclosing trial balance.
  • Prepare the financial statements.


Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission ( for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

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