It is strongly recommended that this semester be taken immediately following the first. Specialized journal systems and business problems regarding uncollectible accounts, depreciation, and taxes are emphasized. The student learns to analyze those situations and their effects upon a business firm. Use of the microcomputer is integrated within the course content. This is a semester course which serves as a capstone to the advanced study of Accounting.
Emphasis is placed upon legal vocabulary and the analysis of legal situations through sample cases.
Clarity of language and precise expression are stressed throughout the semester. The first six weeks are devoted to the differing types of law and contract formation, the second six weeks are devoted to an analysis of the specific types of contracts, and the third six weeks are devoted to property rights acquired by contract.