Introduction to the methods of valuation of inventories and estimation of depreciation. Students complete computer spreadsheet assignments. A continuation of Accounting I. Accounting for partnerships and corporations. Students use rations in the analysis of a corporate income statement, balance sheet, and cash flow statement. Students apply generally accepted accounting principles in completing case studies and assignments involving ethical standards.
Students complete computer spreadsheet assignments.
201 Analysis of the economic behavior of individual consumers, producers, and markets. Market structures, market processes, economic welfare, and the evaluation of alternative market structures and processes. Supply and demand, elasticity, costs of production, exchange between consumers and producers. 202 Analysis of demand and supply elasticity, pure competition, monopoly, oligopoly, monopolistic competition, resource markets, government regulation, environmental economics, income distribution, and international economics. Short look at the historical development of the EEU, its institutions and their functioning.