Emphasizes the principles and methods which influence the financial statements provided to external users. May not be taken by students in curricula requiring ACCT 200 or 201. Lectures, demonstrations, and hands-on experience with accounting systems and analysis required to complete the accounting cycle and prepare financial statements. Intended for students who will enroll in ACCT 301. In-depth treatment of the traditional financial accounting topics of current and noncurrent assets and liabilities.
Emphasis is placed on basic theory, valuation and measurement, as well as presentation and analysis.
Continuation of ACCT 301. Emphasis is placed on basic theory, valuation and measurement, as well as presentation and analysis. The application of cost analysis to manufacturing and distributing problems. Analysis of behavior characteristics of business costs and a study of principles involved in standard cost systems. Lectures and problems.