ACNT-1304 Introduction to Accounting II

Students will learn how to apply accounting for merchandising, notes payable, notes receivable, valuation of receivables and equipment, valuation of inventories in a manual and computerized environment. Lec 3, Cr 3

Credits

3

Prerequisite

ACNT-1303

Outcomes

  1. Define accounting terminology.
  2. Analyze and record business transactions for a merchandising operation in a manual and computerized environment.
  3. Calculate interest.
  4. Apply valuation methods for receivables and payables.
  5. Utilize various inventory and depreciation methods.
  6. Identify internal control procedures for inventory, receivables, and payables.