Accounting II also goes by the names “Principles of Accounting II”, “Accounting Principles II” or something like that.
My experience in business school was that they cover different subject matter.
Sorry, I don’t follow. The question was: Is Accounting II taught at most US colleges Managerial Accounting?
Are you saying yes, or no?
Accounting 1 is typically financial accounting.
Accounting 2 is typically managerial accounting.
Then intermediate, advanced, and other elective courses build off of each of them.
Agree with above. Typically there are two introductory accounting classes – one intro. to financial accounting and the second is an intro. to managerial accounting class. But check the course descriptions at the college you intend to enroll in to be certain that is the case at that institution.
Yes… I just went back and looked at the course offerings where I did my undergrad (Ross @ UMichigan). It looks like the sequence now is indeed one semester of financial accounting, then second semester of managerial. That is not how it was “back in the day” when I went there – I think we did intro, then intermediate financial accounting as semesters 1 & 2 (they didn’t have those names, though). When I took managerial accounting as an MBA at another university, it was content we had not covered in those first two semesters at Ross. But the sequence has changed, apparently. But you still need to look at the course offerings at whatever colleges you are looking at. It could vary.
Many years ago, we started with Accounting I and II, then took Cost Accounting as a separate course. We also took Governmental Accounting and Intermediate I and II and then tax courses. Agree with others, check the syllabus.
In my experience:
Acctg 101 (or 1) = intro to financial
Acctg 102 (or 2) = intro to managerial/cost
You probably need debits & credit and A = L + OE as a foundation, before you get to intro to managerial.