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Accounting for Managers

ACC 121

Accounting for Managers

ACC 121

Course Description

Develops ability to use accounting information in planning, evaluating and decision-making as a business manager. This course is appropriate for students in business, trades, and dual-degree programs. May be substituted for ACC 111 in most programs. (45-0)

Outcomes and Objectives

Describe the use and role of accounting for business.

Objectives:

  • Describe the importance of accounting information in business planning, evaluation, and decision-making.
  • Demonstrate use of basic accounting terminology.
  • Describe the importance of ethics in accounting and business management.

Demonstrate an introductory knowledge of the financial statements and related concepts.

Objectives:

  • Demonstrate an understanding of accrual and other underlying accounting concepts.
  • Demonstrate preparation of financial statements and their inter-relationships.
  • Recognize the impact of transactions and accounting procedures on the financial statements.
  • Recognize the impact of transactions and accounting procedures on managing a business.

Demonstrate an introductory knowledge of analysis and use of financial information for managerial decision-making.

Objectives:

  • Demonstrate the use of financial statement analysis techniques for evaluation of business performance.
  • Demonstrate understanding of business cost concepts and behaviors.
  • Demonstrate use of financial information for business planning.