ACCT 1105 — | FINANCIAL ACCOUNTING II
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. Prerequisite: ACCT 1100 and instructor approval for provisional students