|Department||Health and Biomedical Sciences|
Principles of Accounting II
ACCT 221 is the second course of the two-sequence introductory accounting courses. This course completes the financial accounting topics started in the first course (Acct 220) and continues with managerial accounting concepts, analysis and techniques. Topics include: reporting and analysis, of stockholders’ equity, preparation and analysis of the cash flow statement, computation, analysis and interpretation of various financial ratios, managerial accounting concepts and terminologies, cost-volume-profit analysis, incremental analysis, budgetary planning and preparation, budgetary control and responsibility accounting, standard costing, cost variance analysis and interpretations, and planning for capital investments.