ACC 111 - Fundamentals of Accounting II
A continuation of ACC 110. Includes coverage of the summary function, preparation and analysis of financial statements, cash control, receivables, inventory valuation, plant assets, and current liabilities. No credit given for both ACC 101 and ACC 111. Successful completion of both ACC 110 and ACC 111 is equivalent to ACC 101. Two class hours.
Prerequisite: ACC 110
Course Learning Outcomes
1. Identify and perform continuing steps of the accounting cycle.
2. Apply and explain alternative methods of asset valuation and key internal controls.
3. Understand and demonstrate concepts such as Generally Accepted Accounting Principles (GAAP) and ethics.
Course Offered Fall and Spring