PREREQUISITE: ACCOUNTING I OR TEST-OUT

Accounting II is a continuation of the equation and system’s approach used in first-year accounting. This course gives students a deeper knowledge of business ownership, management and accounting. Students learn that management decisions are based on interpretation of accounting data. Topics include notes, ratios, partnerships, corporations, depreciation, inventory, uncollectibles,
and taxation. Course content includes analysis of all types of business transactions journalizing and posting procedures, and preparation and interpretation of financial reports. Through simulations, students maintain the financial records for a company using actual source documents. Students will use computers to complete chapter problems and long-term project assignments to prepare, analyze, and compare and interpret financial data. Student evaluation is based upon tests, quizzes, class participation, projects and simulations.