In continuation of Financial Accounting 1, this course expands knowledge of accounting based on structure of balance sheet. Financial Accounting-2 is designed for the students who have completed Financial Accounting 1 and are familiar with basics concepts of accounting. Upon completion of this course the successful student will have accounting knowledge, and skills related to long term assets, current liabilities, long term liabilities and owners’ equity with performance analysis. Further, students will also be able to complete basic accounting functions for Partnership and Corporation forms of business organization.