ACC221

An intensive study of financial accounting theory and procedures involving the topical areas of accounting standards and theory development, the statements of income, retained earnings, and financial position, time value of money, cash, receivables, inventory, plant assets, depreciation, intangible assets and current liabilities. Grade of "B" or better in Financial and Managerial Accounting (ACC121 and ACC122) is recommended, grade of "C" or better is required.