This course concentrates on accounting for merchandise operations, proprietorship, specialized books of original entry, and the voucher system including emphasis on the financial aspects of accounting. Also, accounting concepts and principles, accounting for cash and receivables, inventory systems, inventory costing methods, accounting of acquisitions, depreciation and disposal of plant assets will be covered in this course. It also covers financial and managerial accounting theory and practices, including topics such as partnerships, capital stock transactions and dividends, liabilities, statement of cash flows, financial statement analysis, managerial accounting concepts and principles, cost behavior, cost-volume-profit analysis, and budgetary planning and control