Principles of Accounting II

Catalog description

In this course, students will build on the foundations established in the Principles of Accounting I course. Students will develop knowledge in key elements of Generally Accepted Accounting Principles (GAAP), such as cash, temporary investments, receivables, inventories, long-term investments, and capital assets. Students will also learn how to prepare a set of financial statements (the income statement, the statement of retained earnings, and the balance sheet).