A continuation of the study of the accounting cycle with techniques and statements for partnerships and corporations including stockholder’s equity, corporate obligations and investments, financial statement analysis and earnings per share. The interpretation and use of accounting data as a tool for management decisions in planning and controlling business operations. Topics include financial statement analysis, fund statements, cash flow analysis, budgets, and alternative methods of inventory and depreciation. Prerequisite: AC 101 Accounting I

Develops an understanding of basic principles and procedures of accounting including account definition, classification, worksheet preparation, and generation of financial statements. This is a continuation of ACC 203. (Prerequisite: ACC 203)