ACC 102 Principles of Accounting II

In the second half of the one-year course, students will further explore financial accounting concepts. Among the topics discussed will be accounting for partnerships and corporations, understanding current assets with a particular emphasis on payroll accounting, understanding the time-value of money and the role it plays in accounting for long-term assets, financial statement analysis, and how to prepare, interpret, and understand the cash flow statement. There will also be special emphasis on managerial accounting. Among the managerial accounting topics discussed will be budgeting, cost accounting systems, job-order costing, process order costing, and cost-volume-profit-analysis.