Management Accounting I

Catalog description

An introduction to the system by which accounting data is gathered from economic events. The course is designed to help students (1) understand what is in financial statements and what the statements say about a business, (2) identify the business activities that caused the amounts that appear in the statements, and (3) understand how, when, and at what amount the effects of manager and emplyee actions will appear in the statements. Typically offered Fall Spring Summer. Prerequisite(s): (ACC 20000 FOR LEVEL UG WITH MIN. GRADE OF C- OR MGMT 20000 FOR LEVEL UG WITH MIN. GRADE OF C-) AND (MA 15300 FOR LEVEL UG WITH MIN. GRADE OF C- OR APPL FOR MIN. SCORE OF 065 OR S12 FOR MIN. SCORE OF 590 OR A02 FOR MIN. SCORE OF 29) Course Learning Outcomes 1. Understand the role of accounting in a business. 2. Define GAAP. 3. Prepare four basic financial statements and understand their purpose. 4. Demonstrate the skills necessary for effective managerial decision making. View Class Schedule