Warwick School District

Honors Accounting II (Semester)

Course Description


Honors Accounting 2 builds upon the principles introduced in Accounting 1 by exploring advanced financial accounting topics and developing students' ability to analyze and interpret financial information. Students study inventory, internal controls, receivables, long-term assets, liabilities, corporate accounting, the statement of cash flows, and financial statement analysis while applying accounting concepts to authentic business situations. Through the use of technology, financial reports, case studies, and real-world applications, students strengthen their analytical, critical-thinking, and problem-solving skills while preparing for advanced coursework in managerial accounting, business, finance, and college-level accounting.

Core Curriculum Content Standards


Business, Computer and Information Technology (2012)

  • Accounting

    • GRADES 9 - 12

      • Analyze the various methods for maintaining and valuing inventory (FIFO, LIFO, etc.) and describe their effect on financial statements.(15.1.12.J)
      • Analyze and perform a horizontal and vertical analysis of the income statement and balance sheet.(15.1.12.S)
      • Assess profitability, liquidity, and solvency by calculating and interpreting financial ratios.(15.1.12.T)
      • Assess capital structure by calculating and interpreting financial ratios.(15.1.12.U)
      • Analyze and explain the use of industry averages in assessing the financial condition, operating results, profitability, liquidity, and capital structure.(15.1.12.V)
      • Analyze business activities using cash flow statements.(15.1.12.W)

Units


Unit #1 - Current Assets and Internal Controls

Unit #2 - Long-Term Assets and Liabilities

Unit #3 - Corporate Accounting and Cash Flow

Unit #4 - Financial Statement Analysis

Course Resources


Textbook: Financial & Managerial Accounting
Authors: Carl Warren; Jefferson Jones; William B. Tayler ©2026, Published

Cengage CNOWv2 online learning platform

"The Profit", "Shark Tank", "American Greed" episodes/clips

Google Sheets, Docs, Slides, and Classroom