ACC105: Financial Accounting II
ACC105: Financial Accounting II - 4 Hours
Prerequisite: ACC101 (C or higher)
IAI Code: BUS 903
A continuation of principles and concepts developed in ACC101 with emphasis on the corporate form of organization. This course provides the basis for more advanced studies in accounting. The student will apply the basic accounting principles to transactions within the corporate entity. Topics include all remaining assets, liabilities, and ownership equity accounts not covered in ACC101. Emphasis is on inventories, bonds, stockholder's equity, long term assets, and an introduction to cash flow statements and financial ratio analyses.