Course Description

Continuation of ACC 121. Introduction of the role of accounting information in the planning and decision-making of business organizations. Includes managerial accounting, costing of products, planning and budgeting, performance measurement, control of organizational activities, decision making, profitability analysis and financial statement analysis. Group 2 course.

Credit Hours

4

Contact Hours

4

Lecture Hours

4

Required Prerequisites

ACC 121

Recommended Prerequisites or Skills Competencies

MTH 111

General Education Outcomes supported by this course

Quantitative Reasoning

Course Learning Outcomes

Knowledge:

• Utilize the components of a master and flexible budget to plan and control costs of a business.
• Describe the concepts of cost accumulation and cost behavior.

Application:

• Use analysis tools to evaluate realistic business scenarios.
• Analyze standard costs and variances to evaluate projects.

Integration:

• Apply ratios and other analysis techniques to make sound business decisions.

Human Dimension:

• Discover how managerial accounting differs from financial accounting and how these match their interests and abilities.

Caring - Civic Learning:

• Apply ethical standards that guide Certified Management Accountants to make appropriate business decisions.

Learning How to Learn:

• Utilize important sources of information for making business decisions.