Credit Hours4 Lecture:4Lab:0 Accounting principles and modern basic concepts of accounting theory at the intermediate level, particular to the corporation interpretation of financial statements and analysis of accounts, are represented in this course. This includes analysis of cash, inventory, equipment, intangibles, and current liabilities. This course includes research and analysis in accounting using the Financial Accounting Standards Board Accounting Standards Codification. This course is not advised for students transferring to public universities in the state of Illinois. Prerequisite:ACCY 102.