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Oct 15, 2024
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2019-2020 Academic Catalog [ARCHIVED CATALOG]
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ACCT 221 - Principles of Accounting II (3)Prerequisites: ACCT 220 Corequisite: FNCE 321 ACCT221 is the second part of the two-sequence introductory accounting course. The first part of the course, which completes the financial aspect of accounting introduced in ACCT 220 , covers the basics of the corporate form of business entity and accounting for: stock transactions; retained earnings and dividend distribution; long-term liabilities; statement of cash flows; and financial statement analysis. The second half of the course covers: the basics of managerial accounting; cost-volume-profit analysis; budgetary planning, control and responsibility accounting; standard cost variance analysis; incremental analysis; and basic capital budgeting techniques. (Fall, Spring, Summer)
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