ACC-311 Principles of Financial Accounting II

Prerequisite: ACC-111 or ACC-120
Analysis and recording of business transactions. In-depth study of financial accounting standards related to presenting income statements and balance sheets for business enterprises. Topics include current assets, current liabilities, revenue recognition, and time value of money concepts. Students will begin to understand the significant judgments involved in the application of accounting standards and to recognize the importance of ethics in accounting decision making. 4 credits.