Principles Accounting II
Prerequisite: BUS 101. Second of a two-course introduction to accounting concluding basic elements of financial accounting and introducing managerial accounting. Includes partnership and corporate accounting, emphasizing corporate earnings, equity and investments; manufacturing inventories, job order costing; product costing and budgeting; standard costing and variances; preparation of statement of cash flows. Course study is applied by means of an assigned accounting practice project. Three lecture hours and two lab hours weekly.