AC 1023 - Financial Accounting II

Hours: 3

This course is a continuation of Financial Accounting I. This course will focus on plant and intangible assets transactions, general concepts of corporate accounting, partnerships, and limited liability companies. Emphasis is focused on the preparation of corporate and partnership financial statements, bond liabilities, investment reporting, and the preparation of the statement of cash flows. Students will also be exposed to accounting ethics and in-depth analysis of financial statements. The lab associated with this course is required for most Business related career/technical majors and is recommended for all other business transfer students. Student should consult with their advisor.

Prerequisite: AC 1003
Corequisite: AC 1031