A continuation of Accounting 111 that includes a study of long-term liabilities, stockholders' equity transactions, and preparation of the cash flow statement.
Prerequisite(s): Grade of "C-" or better in ACCT 111 Intermediate Accounting I.
(Normally offered each spring semester.)
A study of accounting theory and procedure and the preparation of financial statements for corporations. Subjects include present value concepts and the measurement, recording, and presentation of cash receivables, inventory, income, fixed assets, and intangible asset transactions.
Prerequisite(s): Grade of "C-" or better in ACCT 032 Principles of Accounting II or permission of the instructor.
(Normally offered each fall semester.)