ACC 151 - Accounting II

(Cr: 3)

Continues to develop the foundations for a thorough understanding of basic accounting principles. The emphasis is on accounting issues that are relevant to the corporate form of business organizations. In particular, dividends, retained earnings, long-term liabilities, and investments are examined. Introduces cash flow statements and cost/profit relationships. Ends with the comparison of financial and managerial accounting.

Prerequisites ACC 150.