ACC 201 ACCOUNTING II

Based on generally accepted accounting principles (GAAP), students will master the technical skills to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards affect the financial reporting process.  Students will be able to read the three most common financial statements:  income statements, balance sheets, and statements of cash flows, including the time value of money, cash and receivables, and the valuation of inventories.  Students will apply these skills to a real-world business challenge.