Skip to main content

National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Maalot Educational Network | Evaluated Learning Experience

Principles of Accounting II (ACC102)


Versions 1 and 2: Classroom: 39 hours (13 weeks); Distance/Hybrid: Varies. 

Traditional classroom-based offered at Maalot, Jerusalem, and other authorized locations. Distance learning and hybrid options available.

Version 1: September 2009 - March 2016. Version 2: April 2016 - Present.

Instructional delivery format: 
Traditional classroom model
Online/distance learning
Hybrid course/exam
Learner Outcomes: 

Upon successful completion of the course, students will be able to: identify and discuss the basic complexities in the asset, liability accounts; the capital structure of the business entity (debts versus equity) and its implications, the pervasiveness of Generally Accepted Accounting Principles (GAAP) and the changes that have occurred in the expectation of report users and the reaction of the accounting community; conduct a basic financial analysis of statements; prepare a cash flow statement; and recognize fundamental cost accounting issues.


Versions 1 and 2: Topics covered are: payroll accounting, GAAP, nature of a partnership, corporation, capital structure, nature of bonds, accrual versus cash, analysis of financial statements, managerial and cost accounting.

Credit recommendation: 

Version 1: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting or Business (2/11). Version 2:  In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting or Business (4/16 revalidation) (3/21 revalidation).