Introduction to accounting principles for both accounting and nonaccounting students. Service and merchandising (retail/wholesale) businesses are introduced. Focus is on analyzing and recording of business transactions using the double-entry accounting system.

This course is a continuation of Accounting 1 (NACC-201). Topics covered include accounting principles and procedures related to notes payable and receivable, the valuation of receivables, inventories, fixed assets, partnerships, retained earnings, and the analysis of financial statements. A comprehensive capstone project is completed.

This course introduces students to the process by which a company calculates and provides compensation (salaries or wages) to its employees for the work they have performed during a specific period, typically on a regular basis such as weekly, bi-weekly, or monthly. Students will gain a foundational understanding of payroll management, and a solid grasp of payroll processes and regulations. This knowledge is valuable for anyone pursuing a career in business, finance, or human resources. Through this course, students will learn the fundamental concepts, legal requirements, and practical skills needed to effectively manage payroll.