ACC 102 PRINCIPLES OF ACCOUNTING II
ACC 102 – Principles of Managerial Accounting
Course Number & Name: ACC 102 Principles of Managerial Accounting
Credit Hours: 4.0 Contact Hours: 4.0 Lecture: 4.0 Lab: N/A Other: N/A
Prerequisites: Grade of “C” or better in ACC 101
Co-requisites: None Concurrent Courses: None
Course Description: The study of the fundamental managerial accounting concept and techniques, which aid in management decision-making, performance evaluation and in planning and controlling operations. The emphasis is on the use of accounting data as a management tool rather than on the techniques of data accumulation. The course deals with such topics as cost behavior patterns, budgeting, cost-volume-profit relationships, product costing methods, preparation of the Statement of Cash Flows, and financial statement analysis. Quantitative methods applicable to managerial accounting are studied.
Course Goals: Upon successful completion of this course, students should be able to do the following:
- demonstrate knowledge of the specific practice of using equity financing of operations;
- prepare specific financial reports and analyses;
- list, explain, and apply specific analytical techniques and practices used to classify and categorize operational cost and schedules; and
- prepare reports and schedules that aid in planning and controlling operations.