AC 1060 - Principles of Accounting II

Credits: 3.00 credits.

This course is a continuation of the Principles I (AC 105) course and includes: advanced topics in receivables and payables; accounting for long-term operational assets; accounting for long-term debt, including amortization of bond premiums and discounts; accounting for equity transactions; and the statement of cash flows. The focus will be on journalizing the transactions in the above mentioned areas, and will present intensive practice sets of problems. Prerequisites & Notes AC 1050 - Principles of Accounting I