ACT
240
Principles of Accounting II
4 cr.
- Offered: Fall Winter Summer
- Prerequisites: ACT 230 and MA 113 or MA 111.
- Bulletin Year: 2021 - 2022 Undergraduate Bulletin
Further study of financial accounting including owners’ equity, income tax accounting, changes in financial position statements and statement analysis/interpretation. Managerial accounting is introduced: cost accounting systems, responsibilities accounting, budgeting concepts, cost-volume-profit analysis and capital budgeting are covered.