ACCT 2123 - Principles of Accounting II

Application of theory and practice to partnership and corporations, manufacturing operations, cost determination, financial statement analysis and Federal tax considerations. (Managerial) This the second half of the course continues to build on the concepts and procedures learned with the sole proprietorship. These practices are applied in accounting for the partnership and corporate form of business. Focus is now on the unique characteristics of the corporation in accounting for stock, earnings and dividends. Consolidated statements and cash flow statements are introduced to the student as well as accounting for long term debt, investments, financial statement analysis. Finally the student is introduced to manufacturing and process accounting with emphasis on using accounting information in decision making.

Credit Hours 3.0
Second Title
Managerial Accounting
Satisfies a Requirement
Business Concentration
When Offered
Spring
Note
BUS 214 prior to Fall 2008
Prerequisite
None.

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ACCT 2123 - Principles of Accounting II