Catalog Course Search Details

 Department:    BASAM

 Course #:    334

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520201

 EPC:    50B

 REV:    2019

 Course Description  

Master the basic principles of financial and managerial accounting to facilitate successful execution of management responsibilities. Define financial statement interrelationships, financial analysis, product costing, budgetary control systems, and information reporting for the planning, coordinating, and the use of accounting information to monitor the performance of a business and the achievement of organizational goals.

 Prerequisite  

Prerequisite: Admission to BASAM program and BASAM Director permission.

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Vocational Preparatory N/A  

Equivalencies At Other Institutions

Learning Outcomes

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

1. Explain how accounting systems can provide information and data for management decision making in manufacturing, merchandising, and service companies.
2. Solve business problems from a management point of view using both quantitative analysis and qualitative analysis.
3. Analyze and interpret managerial accounting reports that provide both objective measures of past operations and future estimates using master budgets, flexible budgets, and standard costs.
4. Describe various cost management systems, e.g. activity based, just-in-time and quality management systems.
5. Apply and interpret basic financial statements including cash flow activities.
6. Describe and illustrate an income analysis using various costing assumptions, including variable costing, absorption costing and cost-volume-profit analysis.
7. Apply and analyze basic product costing methods such as job order costing and process costing.
8. Explain responsibility accounting and performance evaluation practices.
9. PROGRAM OUTCOME: Prepare and complete cost control processes including the ability to establish a budget, prepare cost reports, and forecast expenditures.
10. PROGRAM OUTCOME: Use written & spoken skills & tools, concepts, & models of management applicable to the professional-technical discipline to communicate clearly & create an effective message, while demonstrating a professional presence.
11. PROGRAM OUTCOME: Demonstrate ability to assimilate, evaluate, & synthesize information from varying media & formats, including the ability to assess qualitative & quantitative data & to apply critical thinking & knowledge in an industry & managerial funct
12. PROGRAM OUTCOME: Explore, appreciate, and define the opportunities, challenges, and nuances of operating in an increasingly diverse, interconnected, and complex global community.
13. PROGRAM OUTCOME: Recognize and challenge culture-bound assumptions.

General Education Learning Values & Outcomes

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

Course Contents

1. How accounting systems can provide information and data for management decision making in manufacturing, merchandising, and service companies.
2. Business problems from a management point of view using both quantitative analysis and qualitative analysis.
3. Managerial accounting reports that provide both objective measures of past operations and future estimates using master budgets, flexible budgets, and standard costs.
4. Various cost management systems, e.g. activity based, just-in-time and quality management systems.
5. Basic financial statements including cash flow activities.
6. Income analysis using various costing assumptions, including variable costing, absorption costing and cost-volume-profit analysis.
7. Basic product costing methods such as job order costing and process costing.
8. Responsibility accounting and performance evaluation practices.