Term: 2 Semesters
Accomodated/Modified Available: No
Accounting II expands upon the concepts originally introduced in Accounting I. The course begins with an investigation into laws and regulations that accountants must follow to manage business operations, such as the role of the Securities and Exchange Commission (SEC) and the Generally Accepted Accounting Principles (GAAP). Students will understand and demonstrate completing corporate assignments, including the analysis and production of consolidated financial statements and tax accounting. Students will determine financial ratios, business liquidity, profitability, return on assets, and efficiency ratios among other accounting functions. The content will then transition to managerial accounting concepts which will include costs and cost drivers, cost accounting decision making, and cost allocation functions. Students will also learn the principles of using financial resources to ensure business stability such as depreciation, payback periods, budgeting, management of corporate stock, and cash flows.
All States Aligned