AC 252 Principles of Accounting II
Continuation of AC 251. The study of Generally Accepted Accounting Principles (GAAP) as used in accounting for partnerships and corporations, the reporting of assets, liabilities, and shareholders’ equity, and the preparation and use of the Statement of Cash Flows. The convergence of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) is also studies, with emphasis on those standards currently converged into one global standard. The course also introduces basic concepts of managerial and cost accounting.
Offered
Fall, Spring