Introductory Accounting II: Managerial Accounting ((4 Credits))

Catalog description

The course is designed to expand on the knowledge gained of financial accounting theory, accounting information systems cycles and concepts by focusing more in depth on the manufacturing environment and the use of accounting information for planning, controlling, and decision-making internally by the management and externally by other interested parties. It covers specialized financial reporting issues such as preparing, interpreting and using the statement of cash flows, financial statements analysis and budgeting, long and short-term financial investment and production decisions and other cost analysis concepts including incremental cost analysis, cost-volume-profit analysis techniques and incorporating the time value impact on financial and managerial decisions. This course covers professional ethics and social responsibility in accounting. Notes: The course content is similar to, and more comprehensive than, Accounting for Decision Makers ( ACCT 1005 ). Therefore, students cannot count the credit for both of these courses in their degree plan. The course satisfies quantitative aspects of business. This course was previously BME-212064 Introductory Accounting 2. Prerequisites: ACCT 2005 , or equivalent.