Course Syllabi
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Current Students
The course continues the study of financial accounting concepts with emphasis on the corporate structure, and introduces managerial accounting concepts, emphasizing introductory cost analysis and decision-making.
PREREQUISITE: ACC2111
UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:
- Defining the basic concepts of managerial accounting.
- Understanding the process for preparing a budget.
- Identifying cost accounting concept and terms used in assisting management in efficient operations.
- Computing basic time value of money problems.
- Demonstrating the use of operational and financial budgeting concepts.
- Computing basic ratios.
- Classifying the sources and uses of cash used for creating a statement of cash flows.
- Recognizing the purposes and principles used in absorption and variable costing.
- Reviewing production process procedures for process costing, job costing, and activity based costing.
- Accounting for the flow of material through the production process.
- Summarizing the process for creating a capital budget and making capital decisions.
- Preparing basic cost volume profit analysis.