2020-2021 Catalog 
    
    Jul 06, 2020  
2020-2021 Catalog

ACC 132 - Principles of Accounting II

ACC 2202.
Description: Fundamentals of managerial accounting with an emphasis on cost accounting, budgeting, and managerial decision-making.

Prerequisites: ACC 131  

Credits: 3
Lecture: 3
Lab: 0

Course Content:
  1. Accounting for partnerships
  2. Managerial accounting principles and concepts
  3. Job order cost accounting
  4. Process cost accounting
  5. Cost allocation and performance measurement
  6. Cost-volume-profit analysis
  7. Master budgets and planning
  8. Flexible budgets and standard costs
  9. Capital budgeting and managerial decisions
  10. Ethics in business and accounting

Learning Outcomes:
  1. Perform advanced general ledger bookkeeping for partnerships. (1)
  2. Identify and apply cost accounting principles and procedures. (2-5)
  3. Prepare and interpret a variety of managerial cost accounting reports. (2- 5)
  4. Prepare and analyze budget scenarios. (2, 5-9)
  5. Use a variety of managerial decision-making tools to recommend profit-maximizing business strategies. (2, 6, 9)
  6. Appraise financial scenarios for ethical concerns. (10)