Catalog Course Search Details

 Department:    ACCT&

 Course #:    203

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520301

 EPC:    n/a

 REV:    2021

 Course Description  

Introduction to the use of accounting information in the planning, controlling and decision-making processes of business managers. Job and process costing, cost-volume-profit analysis and budgeting are discussed in detail.

 Prerequisite  

Prerequisite: ACCT& 202 with a "C" or higher or concurrent enrollment.

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Academic Elective  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Prepare and analyze financial statements for manufacturing companies.
2. Analyze and select the appropriate job order costing or process costing system.
3. Prepare and analyze cost-volume-profit relationships to evaluate various marketing and profit strategies
4. Analyze and prepare flexible budgets and standard cost systems in master budgets
5. Prepare and analyze both variable costing and absorption costing income statements for management decision making
6. Analyze short-term and capital investment decisions using the contribution margin approach and net present value.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Nature of Managerial Accounting
2. Cost Concepts and Classifications
3. Job Order cost Systems
4. Process Cost Systems
5. Cost Behavior and Cost Estimation
6. Cost-Volume-Profit Analysis
7. Profit Reporting for Management Analysis
8. Master & Flexible budgets
9. Standard Cost Systems
10. Responsibility Accounting Systems
11. Capital Investment Analysis