Prerequisite: BUS 101. Second of a two-courseintroduction to accounting concluding basic elementsof financial accounting and introducing managerialaccounting. Includes partnership and corporateaccounting, emphasizing corporate earnings, equityand investments; manufacturing inventories, job ordercosting; product costing and budgeting; standardcosting and variances; preparation of statement ofcash flows. Course study is applied by means of anassigned accounting practice project.