Skagit Valley College

Catalog Course Search Details

This course has been changed from the previous catalog, the changed field(s) are highlighted in red:

 Course Title:   Accounting for Managers

 Title Abbreviation:   ACCOUNTING FOR MANAGERS

 Department:    BASAM

 Course #:    334

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520201

 EPC:    50B

 REV:    2021


 Course Description  

Provides the foundational accounting acumen that managers should possess. Analyze financial statements to assess an organizationís operational condition and to project future strategy and budgets. Examine the key legal, regulatory, and ethical considerations that apply to financial and accounting areas and the possible correlations between bias and managerial fiduciary responsibility.

 Prerequisite  

Prerequisite: BASAM Director permission.

Additional Course Details

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

Other Institution Equivalencies Table
Institution Course # Remarks

Learning Outcomes

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

  1. Assess an organizationís operational conditions by interpreting its key financial statements.
  2. Project future strategy and organizational decisions by analyzing financial statements.
  3. Compose comprehensive budgets by constructing activity based financial models.
  4. Examine contemporary responsibility accounting issues relevant to US GAAP and SOX such as revenue recognition and depreciation by researching its application in student's field of interest.
  5. Evaluate the correlations between bias and managerial fiduciary responsibility by researching its impact in student's chosen field of interest.

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.