Emphasis is placed on understanding the complete accounting cycle from opening entry to financial statements using double entry accounting.
Students move from the simple to complex in regards to forms, procedures, and accounting problems.
The course expands upon the principles and procedures taught in Accounting I, beginning with departmentalized accounting and continuing with depreciation, accruals, partnership and corporation problems. Students will also apply accounting theories to automated systems. Computers will be used to complete the general ledger, accounts receivable, accounts payable, and payroll systems. A spreadsheet program will be used to solve some accounting problems. This course will cover consumer rights and obligations, contractual agreements, business rights and obligations, torts, law for minors, and both criminal and civil trials.