Introduction to Financial Accounting II is a continuation of Introduction to Financial Accounting I (ACC111) and both are prerequisite courses for Financial Accounting I (ACC211). ACC 121 covers accounting treatments of sole proprietorship business category. Students are expected to be grounded in the basics of Manufacturing Account, Control Accounts, Accounting for Inventories, etc. for them to be able to grasp the understanding of how a sole proprietorship business records business transactions, events and conditions.