Accounting Two Class

This course includes accounting for receivables, inventory, depreciable assets, notes payable, and notes receivable. Introduces accounting for partnerships and corporations, the statement of cash flows, and financial analysis.

Accounting Standards that will be covered:

  • Use an annual report and financial statements to make informed business decisions.
  • Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.
  • Identify and describe generally accepted accounting principles, explain how the application of GAAP impacts the recording of financial transactions and the preparation of financial statements.
  • Use planning and control principles to evaluate the performance of an organization.
  • Explain the individual income tax procedures and requirements to comply the tax laws and regulations.