ACCT 1060 - Practical Accounting II

Credits: 3
This course is a continuation of ACCT 1005. Students will practice accounting procedures for sole proprietorships, partnerships and corporations. Topics may include: payroll procedures and taxes, accounts receivable/uncollectible, merchandising inventory, notes payable/receivable, and long-term assets. Students will review the accounting cycle and practice interpreting financial statements. A practice set will be completed for a merchandising business.

Prerequisite: ACCT 1005