|Lecture hours per week||4|
|Lab hours per week|
This course is the second of 2 courses covering fundamental accounting topics at the introductory level. Topics include: Receivables, Capital Asset valuation and amortization, Short and Long Term Liabilities and Equity transactions, the organization and operation of a partnership and a corporation, reporting of income and retained earnings. Emphasis is placed on the preparation of financial statements in accordance with Generally Accepted Accounting Principles. Assessment includes assignments, quizzes, tests and a final exam. Instructional strategies include lecture, discussions and problem solving.