Managerial Accounting=Accounting II?

[cannoda]

Hi everybody i'm trying to hash out what I still need for my BSBA (General Mgmt).

Way back in 1997 I took Accounting II at the local community college and remember very little about it, although i'm pretty sure credits go on the left and debits on the right.

So is Managerial Accounting and Accounting II normally one in the same?

Not exactly. The combination of Accounting I & II is considered equivalent to the combination of Financial and Managerial Accounting. The individual courses may, but are more likely to NOT be directly equivalent.

Essentially, the material covered in first-year accounting courses is covered in a different order with the Accounting I and Accounting II approach mixing financial and managerial accounting in each course.

BTW, debits left, credits right.