ACCT 242 - Principles of Accounting II

3 credits.
Continuation of ACCT 240. Introduction to internal accounting tools and techniques common among all companies for determining the cost to provide a product or service. Introduces cost-volume-profit analysis, budgeting, standard costing and analysis of variances between budgeted amounts and actual results. Introduction to the format and interpretation of the Statement of Cash Flows.

Prerequisite(s): ACCT 240.
Corequisite(s): None.