Prerequisite: AC111 The accounting cycle will be reviewed including partnership accounting and accounting for corporations. The student will gain an understanding of computerized accounting topics that include: stockholders equity, long-term liabilities (bonds, investments), cash flow, inventory valuation, accounting for property, plant and equipment, preparation and analysis of partnership and corporate nancial statements. Managerial aspects of accounting, such as manufacturing statements and job order and process cost systems, will be introduced.

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