Advanced Accounting II

Students gain in-depth knowledge of the accounting procedures and practices required for corporations and financial institutions. Students develop spreadsheets to analyze and solve financial reports. An integrated accounting software program is used to reinforce accounting fundamentals. Units include inventory maintenance, long-term and short-term investments, stock investments, distribution of dividends, cost and management accounting and tax preparation. Projects include maintaining financial records for a corporation and presenting a proposal to establish a subsidiary accounting firm.