Accounting and Financial Management 1B - ACCT1511

This is the second course in a sequence of accounting courses and includes financial accounting topics such as an examination of the regulatory environment of financial reporting; the definition and recognition of assets, liabilities, revenues and expenses; and accounting for corporations. Aspects of managerial and investor decision-making are covered including financial statement and cash flow analysis, and examination of cost/volume/profit relationships in a single product firms, and short term budgeting.