Spring Semester 2024 Catalog

ACCT 1105 FINANCIAL ACCOUNTING II

Credits

4

Introduces the intermediate financial accounting concepts that provide the student with the necessary skills to maintain a set of books for a partnership and corporation. Topics include: Fixed and Intangible Assets, Current and Long-Term Liabilities (Notes Payable), Payroll, Accounting for a Partnership, Accounting for a Corporation, Statement of Cash Flows, and Financial Statement Analysis, Laboratory work demonstrates theory presented in class.

Lecture Hours

45

Lab Hours

30

Prerequisite

ACCT 1100 with a final grade of "C" or higher

Corequisite

None