A continuation of the fundamentals of Accounting.
Subject matter includes accounting for payroll, bonds, partnership and corporate capital.
The basics of income tax and present value concepts are also covered. A continuation of Intermediate Financial Accounting Theory I. Content includes accounting for income tax expense, pension, capital leases, methods of revenue recognition, earnings per share, long term debt. Tax planning, preparation of tax returns, and tax research are involved. It integrates information systems concepts into the basic accounting process by presenting an overview of how the accounting cycle flows from the beginning to end. It then introduces the student to the basic tools of systems analysis including data files and data bases.