AC 230 - Accounting II

3 Credits

Course Description: AC 230 is a continuation of AC 130. Topics included in AC 230 - Accounting II are: inventories; capital assets; current liabilities; owner’s equity in partnerships and corporations; analyzing financial statements; and the statement of cash flows. Emphasis is placed on problem solving and application of financial accounting to real life situations. It also provides students with experience in maintaining a manual accounting system.

Prerequisites: AC 130
Corequisites: None