Financial Accounting II

"This course is a continuation of, and builds on the principles of, Financial Accounting I. This course emphasizes the students' ability to apply the concepts and procedures of Generally Accepted Accounting Principles in order to produce general-purpose financial statements, which are needed to make sound personal and business decisions. This course will examine accounting for U.S. corporations and focus on the following topics: accounting for receivables; inventory valuation; accounting for long-lived assets (plant assets); long-term liabilities (bonds); reporting and analyzing stockholders' equity; reporting and analyzing investments; and analysis of financial statements using ratios. The students will be able to blend knowledge of accounting principles with critical thinking skills in order to appreciate logical, complete, and accurate financial reports and budgets that will serve as the basis for economic decision-making."